The YP and APH policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects and disease. You select the amount of average yield you wish to insure, from 50-75 percent (80% and 85% are also available on some crops in limited areas), and the percent of the price you want to insure (between 55 and 100 percent).
Depending on where you farm, the YP or APH plans may be available on Barley, Canola/Rapeseed, Corn, Dry Beans, Forage Production, Grain Sorghum, Hybrid Seed Corn, Millet, Oats, Popcorn, Rye, Soybeans, Sugar beets, Sunflowers, and Wheat.
The primary difference between YP and APH is how the price is determined. Crops insured through YP have a price set through a commodity exchange price provision. The APH plan is available for crops that do not have prices set by a commodity exchange. The price for APH is set by the Risk Management Agency (RMA).
Losses occur when the harvest yield is less than the yield insured due to a covered peril. Late planting, prevented planting and replanting protection is part of the policy.
Available to all qualifying producers regardless of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status.