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Crop Insurance
Plans.....
AREA
RISK PLANs.....
GROUP RISK PROTECTION (GRP)
The
group risk protection plan pays a producer when the county yield
falls rather than your own yield falling. GRP can carry a trigger
yield as high as 90% of the county average yield. GRP has high
dollars of protection and pays on every acre reported in a county
when a loss occurs. GRP can be supplemented with hail and fire
coverage and in some cases replant and prevented planting coverage.
Ask your agent about covering seed corn, sweet corn, popcorn with
GRP.
GROUP RISK
INCOME PROTECTION (GRIP)
GRIP
is similar to the Group Risk Protection Plan. GRIP will pay when
the county revenue falls below a guaranteed level (up to 90% of
the county expected revenue) rather than only a bushel production.
Revenue decreases due to bushel drops, commodity price drops,
or both may cause GRIP losses to trigger. GRIP offers high dollars
of protection and can be supplemented with hail and fire coverage
and in some cases replant and prevented planting coverage. Ask
your agent about covering seed corn, sweet corn, popcorn with
GRIP.
Harvest
Revenue Option (Fall Price Increase Coverage) - This endorsement
increases your trigger point and dollars of coverage if the CBOT
fall harvest prices increase above the CBOT spring plant prices.
PRIVATE
COVERAGE.....
REPLANT
and PREVENTED PLANTING (RaPP) - private coverage
This optional endorsement to your private HAIL coverage provides
the same benefits and coverage for prevented planting and replant
as MPCI, CRC, RA policy coverages. This endorsement is available
for GRP and GRIP policy customers in some areas.
INDIVIDUAL
RISK PLANS.....
REVENUE PROTECTION (RP)
RP is like the old CRC but with additional options. You can elect
optional units, basic units, and also an enterprise unit or a
whole farm unit. A producer receives protection from low or high
market prices combined with your crop production to guarantee
against a revenue loss. If a production loss occurs, the loss
will be paid at the greater of the planting price or the harvest
price. You can elect to remove the Harvest Price Option and only
cover downward price movement for the commodity insured.
YIELD
PROTECTION (YP)
YP is like
the old MPCI-APH coverage. This is the production (bushel) only
coverage that most producers have traditionally used. A producer
reports their past yields and is given a production guarantee
based on that history. An annual price, set by the USDA, is used
for payment of losses of production that fall below the guaranteed
level.
CATASTROPHIC
(CAT)
Catastrophic coverage is the lowest level of YP. CAT insures 50%
of your production average at 55% of the annual USDA price for
a premium fee of $300. CAT has only basic units and does not pay
for replants. There is also a County Yield form of CAT that uses
couynty yield records rather than individual producer records.
FARM - COMMERCIAL
More detailed information coming soon.
Please contact our office for quotes, flyers, and details.
PERSONAL - HOME - AUTO
More detailed information coming soon.
Please contact our office for quotes, flyers, and details.
ID Theft Protection - PrePaid Legal
More detailed information coming soon.
Please contact our office for quotes, flyers, and details.
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