Federal Products
Revenue Protection
Revenue Protection is coverage to protect the loss of revenue due to low prices, low yields or both. This protection comes into action when crop insurance revenue falls below the guaranteed crop insurance revenue.
Revenue Protection Guarantee Corn
185 x 85% = 157
APH
Coverage
Level %
Bushel
Guarantee
x $4.70 = $739
Projected Price
Minimum Revenue
Guarantee
If Harvest Price Increases: Calculate Revised Revenue
185 x 85% = 157
APH, BPA
Coverage Level %
Bushel Guarantee
x $5.50 = $864
Harvest Price
Revised Revenue Guarantee
If Revenue Loss: Calculate Crop Insurance Farm Revenue and Indemnity per Acre
155 x $4.50 = $698
Actual Farm
Yield
Harvest Price
Crop Insurance Farm Revenue
$864 - $698 = $166
Revenue Guarantee
Crop Insurance Farm Revenue
Revenue Loss = Indemnity per Acre
Revenue Protection Guarantee Beans
60 x 85% = 51
APH
Coverage Level %
Bushel Guarantee
x $11.90 = $607
Projected Price
Minimum Revenue Guarantee
If Harvest Price Increases: Calculate Revised Revenue
60 x 85% = 51
APH, BPA
Coverage Level %
Bushel Guarantee
x $13.00 = $663
Harvest Price
Revised Revenue Guarantee
If Revenue Loss: Calculate Crop Insurance Farm Revenue and Indemnity per Acre
50 x $10.50 = $525
Actual Farm Yield
Harvest Price
Crop Insurance Farm Revenue
$663 - $525 = $138
Revenue Guarantee
Crop Insurance Farm Revenue
Revenue Loss= Indemnity per Acre
Area Risk Protection Insurance
Area Risk Protection Insurance covers a county based on the counties experience, like county wide drought, flood, etc.
Area Revenue Protection:
Covers the loss of revenue due to a county wide price decline, production loss, or both, with upside harvest price protection.
Area Yield Protection:
Covers against the loss of yield due to a county wide production loss.
Area Revenue Protection with Harvest Price Exclusion:
Cover the loss of revenue due to a county wide price decline, production loss or both.
Enhanced Coverage Option (ECO)
Enhanced Coverage Option covers additional area-based coverage for part of your underlying crop insurance deductible. ECO provides producers with the choice between 90 or 95 percent trigger levels.
Supplemental Coverage Option (SCO)
Supplemental Coverage Option provides additional coverage for part of your underlying crop insurance policy deductible. The Federal Gov pays 65% of the premium cost for SCO.
Private Products
BAND
Band is a customizable coverage option that allows you to create your own crop insurance product.
Crop Hail
Crop Hail provides protection against hail, fire, or lightning. It also provides protection during the transport to there first place of storage and covers against collision, overturn, the collapse of bridges, docks, and culverts.
Replant Option
Replant option provides coverage to supplement replant payment received under the Multi-Peril Crop Insurance policy. Insures the first acre you replant.
