Policy Types

Quick links: Multi-Peril Crop Insurance Products | Crop Hail Insurance Products | Private Products

Multi-Peril Crop Insurance Products

  • Actual Production History (APH)

    A multi-peril crop insurance product that provides protection against a loss in yield due to nearly all natural disasters.

  • Revenue Protection (RP)

    A multi-peril crop insurance product that provides protection against production loss or price decline or increase, or a combination of both.

  • Revenue Protection with Harvest Price Exclusion (RP-HPE)

    Allows producer to exclude the use of the harvest price in the determination of the revenue protection guarantee.

  • Yield Protection (YP)

    Insurance coverage that only provides protection against a production loss for crops for which revenue protection is available but was not elected.

  • Average Yield Protection (AYP)

    AYP coverage is based on the experience of the county rather than individual farms, so APH is not required for this program. AYP indemnifies the insured in the event the county average per-acre yield or payment yield falls below the insured’s trigger yield.

  • Area Risk Protection Insurance (ARPI)

    A county-based insurance product that pays the producer in the event the county yield falls below the trigger yield selected by the producer.

  • Whole-Farm Revenue Protection (WFRP)

    WFRP allows farmers with two or more commodities up to 85% coverage against loss of revenue from commodities produced during the insurance period and commodities you buy for resale during the insurance period whether they are sold or not.

  • Catastrophic Risk Protection (CAT)

    The lowest level of yield protection, CAT insures 50% of production at 55% of the base price for a set fee. CAT has no optional units and does not pay for replants.

Crop Hail Insurance Products

  • Full Coverage

    A policy that gives the insured a payment that equals the percent of loss multiplied by the insured value per acre.

  • Deductible

    Policies that do not issue payments until the loss exceeds a set percentage.

  • Companion

    Policies that require the loss to exceed a set percentage. Once the loss exceeds the set percentage, then that percent is subtracted from the loss and multiplied by a factor of 2, 2.5, or 3, depending on the policy type.

Private Products

  • Price Flex (PF)

    Price Flex is offered by Great American Insurance Group. It provides greater flexibility in marketing crops by offering more price discovery options to existing MPCI policies.

    Click here for Price Flex information

  • Private Area Revenue (PAR)

    This supplemental insurance plan from Great American provides additional coverage to individual MPCI policies by allowing producers to purchase coverage for area-level revenue risk to supplement the individual coverage received on their MPCI policy.

  • MAX Price

    Offered by Ag Armour, this exclusive program allows growers to buy up additional prices on their MP policy without using price discovery windows.

  • MP Plus (MP+)

    This Ag Armour product enable growers to insure the top bushels protected by their MPCI policy at a value above their MPCI protection.

  • Forward Price Option (FPO)

    International Ag Insurance Solutions (IAIS) provides additional revenue protection above a producer's underlying Revenue Protection MPCI.

  • Price Contingent Crop Shortfall (PCCS)

    An insurance policy from International Ag Insurance Solutions (IAIS) designed to assist a grower who is affected by low prices and low local yields.

  • Revenue Select & Yield Select

    Offered through Diversified Crop Insurance Services, these products allow growers to purchase additional, unsubsidized revenue or yield protection as a supplement to the producer's MPCI policy.

    Click here for details on Revenue and Yield Select

  • Price Select

    Offered by Diversified Crop Insurance Services, Price Select allows producers to add other months of futures to their policy, outside of the Spring base and Fall harvest prices.

    Click here for FAQs about Price Select

  • Production Cost Insurance (PCI)

    Production Cost Insurance is a new program offered by DCIS for 2017. This program covers additional expenses not protected by MPCI, such as fertilizer, seed & chemicals.

    Click here for Production Cost Insurance information