|
Multi-Peril Crop Insurance (MPCI) |
Crop Revenue Coverage (CRC) |
Revenue Assurance (RA) |
Group Risk Plan (GRP) |
Group Risk Income Protection (GRIP) |
| Benefits |
Production-based coverage protects the producer against a yield loss. |
Guarantees revenue per acre with both upside and downside price protection. |
Guarantees revenue per acre with downside price protection; option to add upside protection. |
Production guarantees and losses determined on county basis with less paperwork requirements. |
Production guarantees and losses are determined by a combination of county yields and Board of Trade prices with less paperwork. Losses are automatically calculated. |
| Guarantee |
Actual Production History (APH) yield x selected level x price. |
Higher of Minimum Guarantee set at planting or Harvest Guarantee (APH x price x level). |
Higher of Minimum Guarantee set at planting or Harvest Guarantee (with Harvest Price Option). |
Expected county yield x selected level = trigger yield. |
Expected county yield x expected price x level of coverage. |
| Prices |
55-100% of market price as established by FCIC. |
100% of selected commodity contract traded on regional commodity exchange. |
100% of selected commodity contract traded on regional commodity exchange. |
60-100% of the maximum protection per acre as established by FCIC. |
60-100% of the maximum amount of protection. |
| Coverage Level |
CAT, 50%, 55%, 60%, 65%, 70%, 75%, 80%, 85%. |
50%, 55%, 60%, 65%, 70%, 75%, 80%, 85%. |
65%, 70%, 75%, 80%, 85%. |
CAT, 70%, 75%, 80%, 85%, 90% of the county yield. |
70%, 75%, 80%, 85%, 90% of the county revenue. |
| Units |
Basic and optional. |
Basic, optional and enterprise. |
Basic, optional, enterprise and whole farm. |
One unit for each GRP crop within the county. |
One unit for each GRIP crop within the county. |
| Losses |
Paid when actual yield is less than guarantee. |
Paid when Calculated Revenue is less than final Revenue Guarantee. |
Paid when Calculated Revenue is less than final Revenue Guarantee. |
Paid when county average yield falls below insured’s selected trigger yield. |
Paid when a combination of the county yields and/or expected price fall below expected county revenue. |
| Prevented Planting |
Available |
Available |
Available |
Not Available |
Not Available |
| Replant |
Available |
Available |
Available |
Not Available |
Not Available |
| High Risk Land Rates |
Applicable |
Applicable |
Applicable |
Not Applicable |
Not Applicable |
| Written Agreements |
Available |
Limited |
Limited |
Available |
Available |
| Hail & Fire Exclusions |
Available |
Not Available |
Not Available |
Not Available |
Not Available |