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Insurance Application Details

Area To Be Insured:67 Hectares
Value To Be Insured per hectare: ZiG 650.00
Expected yield: 9.00 Tonnes
Coverage level : 55%
Market Price per tonne: ZiG 700.00

Projected profit: ZiG 5100.00
Insured Yield: 4.9500 Tonnes
average yield: 8.33 Tonnes
Adjusted yield: 8.333333333333334 Tonnes

Total Sum Insured: ZiG 43550.00
Yield Guarantee: 8.33 Tonnes
Premium: ZiG 1959.75000

Approve

Analysis

    RECOMMENDATIONS: Based on the data provided, the farmer's insurance application for Maize SC727 can be approved with the following conditions: - The farmer should provide more detailed information about their farming experience, as the provided data shows inconsistent and unrealistic years of experience (e.g., 1212, 1213, 1214). - The farmer should consider adjusting their crop spacing, as the number of plants per hectare (67) seems relatively low compared to the expected yield per hectare (9.00). - The farmer should review their input costs, as the cost per hectare ($1200.00) seems high compared to the expected revenue per hectare (9.00 tonnes/ha * $700.00/tonne = $6300.00). - The farmer should consider increasing their coverage level, as the current level of 55% may not provide sufficient protection against potential losses.

    ANALYSIS: The farmer has applied for insurance coverage for Maize SC727, with the following key details: - Noofplantsperhectare: 67 - Insuredhectares: 2300 - Inputcostperhectare: $1200.00 - Expectedyieldperhectare: 9.00 tonnes - Coveragelevel: 55% - Marketpriceper_tonne: $700.00 The farmer's expected revenue per hectare is $6300.00 (9.00 tonnes/ha * $700.00/tonne), which is significantly higher than their input cost per hectare ($1200.00). However, the farmer's crop spacing and input costs should be reviewed to ensure they are optimized for maximum yield and profitability. The farmer's experience and consistency in farming practices are also a concern, as the provided data shows inconsistent and unrealistic years of experience.