Buy-Up Coverage

  • Crop insurance coverage that exceeds the CAT level
  • Coverage is available up to 75% or 85% of your average yield, depending on the crop

Catastrophic Risk Protection (CAT)

  • Crop insurance coverage at the lowest, or catastrophic level
  • Set at the 50/55 level, meaning that your yield must fall below 50% of your average yield before a loss is paid
  • Losses are paid at a rate of 55% of the highest price election

Whole-Farm Revenue Protection (WFRP)

  • Provides a risk management safety net for all commodities on the farm under one insurance policy
  • Tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock)
  • In order to qualify, you must have:
    • WFRP History Report
    • WFRP Farm Operation Report
    • WFRP Inventory Report
    • WFRP Market Animal & Nursery Inventory Report
    • WFRP Allowable Revenue & Expenses Worksheet
    • WFRP Accounts Receivable & Accounts Payable Report
    • Schedule F tax history for the 5 years of history with the statements pertaining the Schedule F
    • WFRP Producer’s Pre-Acceptance Worksheet for all Perennial Crops

Revenue Protection (RP)

  • A plan of insurance that provides protection against loss of revenue due to a production loss, price decline or increase, or a combination of both
  • If harvest price exclusion is elected, the insurance coverage provides protection only against loss of revenue due to a production loss, price decline, or a combination of both
  • Revenue production guarantee (per acre) is, for revenue protection only, the amount determined by multiplying the production guarantee (per acre) by the greater of the projected price or harvest price
    • If the harvest price exclusion in elected, the production guarantee (per acre) is multiplied by the projected price
  • An indemnity is due when that calculated revenue is less than the revenue protection guarantee for the crop acreage

Yield Protection (YP)

  • A plan of insurance that only provides protection against a production loss due to unavoidable naturally occurring events
  • Yield protection guarantee (per acre) is the amount determined by multiplying the production guarantee by the projected price
  • An indemnity is due when the value of the production to count is less than the yield protection guarantee

Stacked Income Protection Plan (STAX)

  • Coverage plan only available on Upland Cotton which provides area-based coverage for a portion of expected area revenue
  • Indemnity is triggered if the actual county income falls below the area loss trigger selected by the policyholder
    • Indemnity amount will be up to 20% of the expected county income
    • Additional coverage will be needed in cases of deeper loss