Revenue Plans of Insurance
Adjusted Gross Revenue (AGR)
Adjusted Gross Revenue (AGR) - insures revenue of the entire farm rather than an individual crop by guaranteeing a percentage of average gross farm revenue, including a small amount of livestock revenue. The plan uses information from a producer's Schedule F tax forms, and current year expected farm revenue, to calculate policy revenue guarantee.
Actual Revenue History (ARH)
Actual Revnue History - insures against loss of revenue.
Crop Revenue Coverage (CRC)
Crop Revenue Coverage (CRC) - provides revenue protection based on price and yield expectations by paying for losses below the guarantee at the higher of an early-season price or the harvest price.
Group Risk Income Protection (GRIP)
Group Risk Income Protection (GRIP) - makes indemnity payments only when the average county revenue for the insured crop falls below the revenue chosen by the farmer.
Income Protection (IP)
Income Protection (IP) - protects producers against reductions in gross income when either a crop's price or yield declines from early-season expectations. To determine coverage, see the policy provisions. Revenue Assurance (RA) - provides dollar-denominated coverage by the producer selecting a dollar amount of target revenue from a range defined by 65-75 percent of expected revenue. To determine coverage, see the policy provisions.
Revenue Assurance (RA)
Revenue Assurance (RA) - provides dollar-denominated coverage by the producer selecting a dollar amount of target revenue from a rangeRevenue Assurance (RA) - provides dollar-denominated coverage by the producer selecting a dollar amount of target revenue from a range defined by 65-75 percent of expected revenue. To determine coverage, see the policy provisions.
