
Comparison of Crop Insurance Plans
|
MultiPeril |
Catastrophic |
Group Risk Plan |
Crop Revenue |
Revenue Assurance |
Group Risk Income |
| Insures against |
Individual production loss |
Individual production loss |
County production loss |
Individual revenue loss |
Individual revenue loss |
County revenue loss |
| Yield coverage |
50%-75% of APH
80%-85% (most areas) |
50% of APH |
70%-90% of expected county yield |
50%-75% of APH
80%-85% (most areas) |
65%-75% of APH
80%-85% (most areas)
80%-85% (if whole farm unit) |
70%-90% of expected county yield |
| Price coverage |
100% of RMA set market price |
55% of RMA set market price |
60%-100% of RMA set market price |
100% of averaged CBOT futures |
100% of averaged CBOT futures |
60%-100% of averaged CBOT futures |
| Results on which indemnity is based |
Actual yield |
Actual yield |
Average county yield |
Actual yield and futures price |
Actual yield and futures price |
Average county yield and average futures price |
| Insurable units |
Basic and optional units |
Basic units |
Crop |
Basic, optional and enterprise units |
Basic, optional, enterprise and farm units |
Crop |
The information contained in this communication is presented for illustration purposes only and is not intended to replace a consultation with a qualified crop insurance agent.