Revenue protection insurance shields growers from declines in crop prices as well as yields.

Read on to learn the benefits of revenue protection insurance.

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Revenue Protection policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease, and revenue losses caused by a change in the harvest price from the projected price. The producer selects the amount of average yield he or she wishes to insure; from 50-75 percent (in some areas to 85 percent).

Pricing

The projected price and the harvest price are 100 percent of the amounts determined in accordance with the Commodity Exchange Price Provisions and are based on daily settlement prices for certain futures contracts. The amount of insurance protection is based on the greater of the projected price or the harvest price. If the harvested plus any appraised production multiplied by the harvest price is less than the amount of insurance protection, the producer is paid an indemnity based on the difference. RP-HPE insures in the same way as RP but uses only the Projected Price to determine the loss guarantee.

For more information or to request a policy, call Agri Insurance, Inc.