I can help you determine which federal crop and crop hail insurance programs best meet your specific needs:
Revenue Protection (RP) offers comprehensive protection through a dollar guarantee. RP also provides prevented planting and replant protection. A projected price is used to calculate the premium, replant payments and prevent planting payments. Revenue Protection with Harvest Price Exclusion (RPHPE) is also available.
Pasture Rangeland Forage (PRF)
This option protects against widespread loss of production of the insured crop in a designated area called a grid. Coverage is based on grids rather than individual farms. Coverage under the PRF is available for two crop types: Grazing and Haying.
Actual Production History
Actual Production History provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils.
Area Revenue Protection
The Area Revenue Protection (ARP) plan of coverage is an area-based revenue insurance program that provides insurance protection against widespread loss of revenue in a county. ARP does not provide coverage for prevented planting or replanting. Area Revenue Protection with Harvest Price Exclusion (ARPHPE) is also available.
Area Yield Protection
Area Yield Protection (AYP) provides protection against loss of yield due to a county level production loss. A loss payment triggers when the county average yield in a given year falls below the trend adjusted average yield by a greater percentage than the insured’s selected deductible. AYP does not provide coverage for prevented planting or replanting.
Stacked Income Protection
The Stacked Income Protection Plan (STAX) is an area-based plan of insurance for upland cotton that provides protection against natural causes of loss that result in the area revenue falling below the county loss trigger. STAX may be purchased as a stand-alone policy or in conjunction with a Common Crop Insurance Policy (Yield Protection, Revenue Protection, Revenue Protection with the Harvest Price Exclusion and Whole-Farm Revenue Protection) or any Area Risk Protection Insurance policy (Area Yield Protection, Area Revenue Protection and Area Revenue Protection with the Harvest Price Exclusion).
Supplemental Coverage Option
The Supplemental Coverage Option (SCO) provides additional coverage for a portion of your underlying crop insurance policy deductible. SCO is an endorsement to either a Yield Protection (YP), Revenue Protection (RP) or Revenue Protection with the Harvest Price Exclusion (RPHPE) policy.
Whole-Farm Revenue Protection
Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy. This insurance plan is tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, specialty or direct markets.
Yield Protection (YP) protects against a production loss for crops and also provides prevented planting and replant protection.
To learn more about crop insurance programs available through FBFS or to find a crop insurance agent in your area, contact us at 1-800-370-3357 or via e-mail at email@example.com.