Crop Insurance Products
Revenue Protection (RP)
- Protects from revenue loss caused by low yields and/or prices
- Uses producer’s Actual Production History (APH)
- Higher of Base Price or Harvest Price automatically used to determine indemnity
- Increases ability to secure financing
- Provides coverage on basic, optional or enterprise units
- Allows for more aggressive marketing
- Reinsured and subsidized by FCIC
Yield Protection (YP)
- Protects from loss caused by low yield
- Uses producer’s Actual Production History (APH)
- Minimum Catastrophic coverage is available
Area Risk Protection (ARP)
- Replaces GRP and GRIP
- Protection against loss of revenue caused by low prices, low yields, or a combination of both. Also, includes harvest price protection.
- Requires production reporting by production reporting deadline
Crop Hail/Companion Hail Insurance
- Acre by acre protection that can be up to the actual cash value of the crop
- Can be used as an enhancement to a revenue or MPCI policy