Area Crop Policy

Area Yield Protection (AYP) – formerly GRP

  • A yield only protection policy.
  • Uses an expected market price and expected county yield to determine the maximum protection/acre
  • There is no price protection built into this.

Area Revenue Protection (ARP) – formerly GRIP - HR

  • A revenue based policy
  • It uses expected county yield like AYP but uses the higher of spring or harvest price for the guarantee like the RP plan

Area Revenue Protection Harvest Price Exclusion (ARP-HPE) - formerly GRIP

  • ARP-HPE only uses spring price and provides only a revenue guarantee

Margin Protection (MP) - for Corn & Soybeans

  • Provides coverage against increased input costs and/or reduced county yields or commodity prices
  • County-based policy with coverage levels up to 95%
  • Can be purchased as a stand-alone policy or in conjunction with a Revenue Protection or Yield Protection base policy
  • Sales closing date is September 30

Pasture, Rangeland, Forage Coverage (PRF)

  • Provides coverage on pasture acres to cover replacement feed costs if - due to a lack of precipitation - a loss of forage for grazing or hay for harvesting occurs
  • Area-based precipitation index
  • Insures pasture, hay ground, or a combination of both
  • Sales closing date is December 1

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