9 services found

Services

  • Policy Type

  • Area Risk Protection Insurance Policy - ARPI (Former GRIP)

    Area Risk Protection Insurance Policy - ARPI (Former GRIP)

    GRIP is based on the experience of the county rather than individual farms, so APH is not required for this program. A GRIP policy includes coverage against potential loss of revenue resulting from a significant reduction in the county yield or commodity price of a specific crop. When the county yield estimates are released, the county revenues (or payment revenues) will be calculated prior to April 16 of the following crop year. GRIP will pay a loss...

  • Group Risk Plan (GRP)

    Group Risk Plan (GRP)

    Like GRIP, GRP coverage is based on the experience of the county rather than individual farms, so APH is not required for this program. GRP indemnifies the insured in the event the county average per-acre yield or payment yield falls below the insured's trigger yield. The Federal Crop Insurance Corporation (FCIC) will issue the payment yield in the calendar year following the crop year insured. Since this plan is based on county yields and not...

  • Revenue Protection (RP)

    Revenue Protection (RP)

    Revenue Protection policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease, and revenue losses caused by a change in the harvest price from the projected price. The producer selects the amount of average yield he or she wishes to insure; from 50-75 percent (in some areas to 85 percent). The projected price and the harvest price are 100 percent of the amounts...

  • Actual Production History (APH)

    Actual Production History (APH)

    This is the traditional plan that most producers have. A producer reports his past yeilds and is given a production guarantee based on his history for each 'unit'. Losses are paid based on the 'market price' set each year by the USDA.

  • Catastrophic (CAT)

    Catastrophic (CAT)

    Catastrophic coverage is the lowest level of APH. CAT insures 50% of production at 55% of the base price for a fee of $300 per crop. CAT has no optional units and does not pay for replants. CAT coverage provides very little coverage..... usually discovered at loss time.

  • Revenue Protection With Harvest Price Exclusion (RPHPE)

    Revenue Protection With Harvest Price Exclusion (RPHPE)

    Revenue Protection With Harvest Price Exclusion policies insure producers in the same manner as Revenue Protection polices, except the amount of insurance protection is based on the projected price only (the amount of insurance protection is not increased if the harvest price is greater than the projected price). If the harvested plus any appraised production multiplied by harvest price is less than the amount of insurance protection, the producer is...

  • Hail Insurance

    Hail Insurance

    Hail insurance is private coverage purchased on crops with dollars-per-acre coverage to protect against hail and fire losses. Many companies also cover transit losses, lightning, vandalism, etc. Grain storage is in many hail contracts which can supplement or replace similar coverage in a farm owners policy. Crop Hail insurance gives you acre-by-acre protection that can be as much as the actual cash value of your crop, thereby protecting your...

  • Private Replant Prevented Plant (PRPP)

    Private Replant Prevented Plant (PRPP)

    Private Replant and Prevented Plant is an endorsement for hail coverage that can only be purchased by GRP & GRIP customers. This endorsement provides coverage for replant and prevented planting.

  • Yield Protection (YP)

    Yield Protection (YP)

    Yield Protection policies insure producers in the same manner as APH polices, except a projected price is used to determine insurance coverage. The projected price is determined in accordance with the Commodity Exchange Price Provisions and is based on daily settlement prices for certain futures contracts. The producer selects the percent of the projected price he or she wants to insure, between 55 and 100 percent.