• Actual Production History
• Adjusted Gross Revenue
• Adjusted Gross Revenue-Lite
• Catastrophic Coverage
• Crop Revenue Coverage
• Dollar Plan
• Group Risk Income Protection
• Group Risk Plan
• Income Protection
• Revenue Assurance

Actual Production History (MPCI) - APH coverage is the oldest and most popular product in the crop insurance family of policies. Often called simply "Multi-Peril Crop Insurance" or MPCI, it provides protection against a loss in yield due to natural causes. For most crops, this includes drought, excess moisture, cold and frost, wind, flood and unavoidable damage from insects and plant disease. APH plan guarantees a yield based on the individual producer's actual production history. If the production to count is less than the yield guarantee, the insured will be paid a loss.

Adjusted Gross Revenue Insurance (AGR) - The Adjusted Gross Revenue pilot program is a whole-farm revenue program that provides an insurance safety net for producers growing crops where MPCI insurance coverage is not available. AGR insures all agricultural commodities produced on a farm as well as products purchased for resale against loss of revenue due to any unavoidable natural disaster that occurs during the previous insurance year, or market fluctuation that causes a loss in the current insurance year. Animal and animal products may account for no more than 35% of the allowable income for the insurance year in order for a producer to be eligible for AGR.
 

Adjusted Gross Revenue Insurance Lite (AGR-Lite) - The Adjusted Gross Revenue-Lite program is a whole farm revenue program similar to the AGR program that provides protection against low revenue due to unavoidable causes. Covered farm income includes income from almost all crops and agricultural commodities. Producers are eligible for AGR-Lite regardless of what percentage of their income is from animals and animal byproducts. For AGR-Lite, the annual average adjusted gross revenue cannot exceed $250,000.
 

Catastrophic (CAT) - The Catastrophic Endorsement can be attached to APH and several other policy types. For a $100 fee, producers can buy the minimum insurance coverage based on 50% of the producing operation's average yield at 55% of the FCIC established prices. When the CAT Endorsement is attached to a Group Risk Plan, coverage is based on 65% coverage level at 45% of the FCIC established prices. This endorsement is not available on CRC or RA policies.

Crop Revenue Coverage (CRC) -The most widely available revenue policy is CRC. This policy guarantees an amount of revenue (based on the individual producer's actual production history (APH) x commodity price) called the final guarantee. The coverage and exclusions of CRC are similar to those for the standard APH policy. The final guarantee is based on the greater of the base price (the "initial" commodity price) or the harvest price (the final commodity price generated at harvest time). While the guarantee may increase, the premium will not. Premium will be calculated using the base price. Since the protection of producer revenue is the primary objective of CRC, it contains provisions addressing both yield and price risks. CRC covers revenue losses due to a low price, low yield, or any combination of the two. An indemnity is due when the calculated revenue (production to count x harvest price) is less than the final guarantee for the crop acreage.

Dollar Plan - The dollar plan provides protection against declining value due to damage that causes a yield shortfall. The amount of insurance is based on the cost of growing a crop in a specific area. A loss occurs when the annual value of the crop is less than the amount of insurance. The maximum dollar amount of insurance is stated on the actuarial document. The insured may select a percent of the maximum dollar amount equal to their coverage level.

Group Risk Income Protection (GRIP) -GRIP is based on the experience of the county rather than individual farms, so actual production history (APH) is not required for this program. A GRIP policy includes coverage against potential loss of revenue resulting from a significant reduction in the county yield or commodity price of a specific crop. When the county yield estimates are released, the county revenues (or payment revenues) will be calculated the following crop year. A GRIP policy will pay an indemnity when the county revenue is less than the "trigger" revenue on the individual producer's policy. Since this plan is based on the county revenue and not individual revenue, the insured may have a loss in revenue on their farm and not receive payment under GRIP. A GRIP Harvest Revenue Option (HRO) endorsement is available. This Option offers "upside" price protection by valuing lost bushels at the harvest price in addition to the coverage offered under GRIP.
 

Group Risk Plan (GRP) - GRP coverage is based on the experience of the county rather than individual farms, so actual production history (APH) is not required for this program. GRP indemnifies the insured in the event the county average per-acre yield (the payment yield) falls below the insured's "trigger" yield. The Federal Crop Insurance Corporation (FCIC) will issue the payment yield in the calendar year following the crop year insured. Since this plan is based on county yields and not individual yields, the insured may have a low yield on their farm and not receive payment under the GRP plan of insurance.

Revenue Assurance (RA) - RA protects a producer's income when the crop revenue falls below the guaranteed revenue. The coverage and exclusions of RA are similar to those for the standard APH policy. However, APH plan provides coverage for loss of production, whereas RA provides coverage to protect against loss of revenue caused by low prices or low yields or a combination of both. RA also has the Fall Harvest Price Option (FHPO) available. This Option uses the greater of the fall harvest price (the final commodity price generated at harvest time) or the projected harvest price (the expected commodity price) to determine the per-acre revenue guarantee. So, with the Option, RA is similar to CRC; without the Option, it is similar to IP.