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.
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.