Frequently Asked Questions (FAQs)

The approved revenue amount is determined on your Farm Operation Report and is the lower of the expected revenue or your whole-farm historic average revenue.

No. Whole Farm Revenue Protection is used by operations of all kinds, including ranches that grow hay and run livestock, and farms with multiple row crops. The more diverse your revenue streams, the better this policy tends to work.

Whole Farm Revenue Protection protects your farm against the loss of farm revenue that you earn or expect to earn from your operation's commodities.

Currently, corn, soybeans, wheat, and rice in select counties are eligible. Our experts can help confirm if you qualify.

The sales closing date for Margin Protection on corn, soybeans, and spring wheat is September 30 of the year before the crop is insured. For rice, the MP deadline matches the standard sales closing date for other rice policies.

No. It’s based on county averages and national pricing, not your individual yields. That means you can qualify for an indemnity even if your farm does okay, but the broader market takes a hit.

Revenue Protection covers yield and price. Margin Protection covers margin—revenue and cost risk. You can hold both policies. If both trigger, you’ll be paid whichever is higher.

It’s based on expected revenue (projected yields × projected prices) minus input costs (tracked nationally). If that margin drops below your coverage level, you could qualify for an indemnity payment.

Margin Protection protects your operating margin per acre. It considers national revenue estimates and input costs. If those margins shrink beyond your insured level, it can trigger an indemnity, even if you don’t have a yield loss on your own ground.

Revenue Protection tends to be slightly more expensive than Yield Protection due to the additional price coverage. But with USDA subsidies, many producers find that the added peace of mind is worth it.

Revenue Protection is widely used on row crops like wheat, corn, soybeans, and others. Coverage depends on your county. Our experts can help determine eligibility for your operation.

Yes. Revenue Protection requires that you notify your agent if you suspect a loss. A claims adjuster will review your policy and complete an inspection if necessary to determine if there is a loss and an indemnity is due.

Yield Protection only protects you from a decline in yield. Revenue Protection protects you from both yield and price declines. It’s built for times when you may still harvest a decent crop, but market prices take a hit.

Your actual revenue is figured by taking your actual yield and multiplying it by the harvest price—that’s the market price at harvest, averaged from new crop futures.

If your actual revenue comes in lower than your revenue guarantee, Revenue Protection can trigger a loss. That loss is the difference between what you made and what your policy guaranteed.

Your revenue guarantee is based on:

• The higher of either the projected price or the harvest price
• Your APH yield
• And the coverage level you chose (between 50% and 85%)

Revenue Protection protects you from declines in both crop prices and yields. The guarantee is based on market prices and the actual yield on your farm.

Yield coverage for RP is the same as for traditional Yield Protection plans. The production portion of the revenue guarantee is based on your Actual Production History (APH). This is a historic average of your actual yields.

Revenue Protection uses CME Group futures market prices and your APH yields to compute your revenue coverage and guarantee. A projected price is determined multiple times a year, depending on the crop.

Premiums for Yield Protection aren’t one-size-fits-all. They depend on your own operation and a few key factors, including:

• Your APH yield (historic average yield per acre)
• The coverage level you choose (50% to 85%)
• The crop and county loss history
• Your insurance unit structure (how your acres are grouped)
• The USDA subsidy rate
  

Here’s how the per-acre premium is figured: APH yield × coverage level × projected price × premium rate × (1 – subsidy rate)

Example: You’ve got a 100 bu/acre APH, choose 75% coverage, and the projected price is $6.00. If your crop’s premium rate is 4.4% and the USDA is covering 60% of it, then: 100 × 0.75 × $6.00 × 0.044 × (1 – 0.60) = $7.92 per acre

Yield Protection is available for major row crops like wheat, corn, barley, and more. Crop and county eligibility vary, but our experts can confirm what’s covered in your area.

Yes, if you have any questions about your crop or the procedures to follow, please contact your crop insurance agent or agency. They will help file a claim and arrange for an adjuster to visit your operation to determine the next steps.

Your insured yield comes straight from your actual production history (APH),  which is the average yield from the insured unit for the crop years the crop was produced.

Your yield guarantee is based on:

• Your APH yield, and
• The coverage level you choose (up to 85%)

Example: If your APH is 100 bushels per acre and you choose 75% coverage, then your yield guarantee is: 100 × 75% = 75 bushels per acre.

That means if you harvest less than 75 bushels per acre and market prices are steady or lower, your Yield Protection policy may trigger a payment.

If your yield falls below your actual production history, you may receive an indemnity payment. 

For most crops, Yield Protection covers unavoidable production losses caused by drought, excessive moisture, hail, wind, frost/freeze, tornado, lightning, flood, insect infestation, plant disease, excessive temperature during pollination, wildlife damage, fire, and earthquake.