Crop Insurance Products
There are many crop insurance products designed to mitigate risk for Producers. Products range from locking in a revenue guarantee, income protection to yield protection. The federal crop insurance program assists by subsidizing many products to varying degrees (RMA website). Knowing how to use these products efficiently is how we serve you.
Designed To Mitigate Risk
Our Products
There are many crop insurance products designed to mitigate risk for Producers. Products range from locking in a revenue guarantee, income protection to yield protection. The federal crop insurance program assists by subsidizing many products to varying degrees (RMA website). Knowing how to use these products efficiently is how we serve you.
RP
Revenue Protection
Insure against revenue loss due to an increase or decrease in yield and/or price with RP. The final revenue guarantee is based on the higher of the projected price or harvest price.
ECO
Enhanced Coverage Option
A supplemental, area-based coverage for shallow losses, covering from 86% up to 90% or 95%.
SCO
Supplemental Coverage Option
An area-based crop insurance option providing additional coverage up to 86% of your underlying crop insurance policy deductible.
ICE
Individual Coverage Enhancement
Supplement the Enhanced Coverage Option (ECO) with individual-based yield or revenue coverage to maximize MPCI protection.
MP
Margin Protection
An area-based insurance plan offering coverage against unexpected decreases in operating margin (revenue minus input costs).
CH
Crop-Hail
A rainfall index insurance policy covering annually planted forage or fodder crops, designed to protect against the single peril of lack of precipitation.
PRF
Pasture, Rangeland, Forage
A risk management tool for perennial pasture, rangeland, or forage used for livestock feed, covering precipitation required for forage production.
LRP
Livestock Risk Protection
Coverage against declining market prices based on USDA’s Agricultural Market Services.
YP
Yield Protection
Protect yourself against production losses due to a decrease in yield with YP.