Individual Crop Policy

Revenue Protection (RP)

Revenue Protection (RP) coverage provides protection against production loss or price decline, or a combination of both. A guarantee is based on the higher of the Projected (Spring) Price or Harvest (Fall) Price.

Revenue Protection with Harvest Price Exclusion (RP-HPE)
Revenue loss protection at spring price. Provides the same initial revenue guarantee as RP. This revenue guarantee is based on the spring price only, so as a fixed revenue guarantee, when the harvest price goes higher, less bushels are protected. No Bushel Guarantee.

Yield Protection (YP)
Yield Protection (YP) coverage is a plan of insurance that only provides protection against a production loss and is available only for crops for which revenue protection is available. Yield Protection will make payments when yields fall below a yield guarantee. Losses are paid at the projected (spring) price.

RP can be purchased without Harvest Price protection to reduce premium.
Both RP and YP provide replant expense reimbursement protection, and prevented planting protection.
(Exceptions – No replant protection on fall wheat. Also no replant protection for any crops with CAT level YP.)
Unit Choices: YP – optional, basic, and enterprise. RP – optional, basic, and enterprise.
Coverage Levels – 50 to 85% of average yield on corn, soybeans, and grain sorghum. 50 to 75% for wheat. CAT level also available with YP on all crops.


 

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