Revenue Protection

Background

The Agricultural Improvement Act of 2018 (Farm Bill) enacted on December 20, 2018, altered the definition of Beginning Farmer or Rancher (BFR) for the purposes of the Whole-Farm Revenue Protection (WFRP) plan of insurance.

The WFRP Pilot Policy currently defines a BFR as:

A farmer or rancher who has not actively operated and managed a farm or ranch with a bona fide insurable interest in a crop or livestock as an owner-operator, landlord, tenant, or sharecropper for more than 5 crop years.

Dry Pea and Dry Bean Crop Provisions and Revenue Endorsement

The approved 2019 CY projected prices shown below are for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans of insurance. The approved 2019 CY volatility factors shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the states, crops, and types indicated in the subsequent tables.

Common Crop Insurance Policy & Area Risk Protection Insurance ¹

Common Crop Insurance Policy & Area Risk Protection Insurance

The 2019 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection with the Harvest Price Exclusion.

Common Crop Insurance Policy & Area Risk Protection Insurance ¹

Background

The CEPP peanut factors necessary to establish the insured’s amount of protection under the peanut program for the 2019 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of February 1, 2019, to February 28, 2019. These factors apply only to states with a Sales Closing Date (SCD) of March 15, 2019 and are determined in accordance with the Peanut Price Methodology guidelines.

Common Crop Insurance Policy¹

The 2019 CY projected prices shown below are approved for the Yield Protection, Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The 2019 CY volatility factors shown below are approved for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance.

The 2018 CY harvest prices shown below are for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The harvest prices are applicable for the crops, types, and states with a March 15, 2018, sales closing date.

Common Crop Insurance Policy & Area Risk Protection Insurance ^{1, 2}

The 2018 CY harvest prices shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion and Area Revenue Protection – Harvest Price Exclusion. The harvest prices are applicable for the crops, practices, sales closing dates and states indicated in the following table.

Background

White and Waxy Specialty Corn is a privately developed product that was approved under section 508(h) of the Federal Crop Insurance Act by the Federal Crop Insurance Corporation Board of Directors on August 15, 2018.

White and Waxy Specialty Corn insurance allows policyholders to insure their specialty type corn at a more favorable contract price if grown under contract in specific counties. This program is available for both Yield Protection and Revenue Protection plans of insurance.