This plan of insurance provides protection against a loss of revenue or loss of yield in a county. ARPI provides flexibility in the data source used for establishing yields and requires production reporting requirements for producers enrolled in area-based plans of insurance. Producers may select from three plan options to personalize their policy. If the final county yield or final county revenue falls below the trigger yield or trigger revenue, an indemnity is paid.
Area Revenue Protection
This plan covers against loss of revenue due to a county level production loss, price decline, or a combination of both and includes upside harvest price protection.
Area Revenue Protection with Harvest Price Exclusion
This plan coversagainst loss of revenue due to a county level production loss, price decline, or acombination of both.
Area Yield Protection
This plan covers against loss of yield due to a county level production loss.
Coverage
Levels: 65% – 90% (in 5% increments)
Protection Factor: 80% – 120%
Premium Subsidy
| Plan |
70% coverage |
75% coverage |
80%
coverage |
85%
coverage |
90%
coverage |
||
|---|---|---|---|---|---|---|---|
| ARP & ARP-HPE | 59% | 55% | 55% | 49% | 44% | ||
| AYP | 59% | 59% | 55% | 55% | 51% |
The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy. Please refer to policy information found in the actuarials for your commodity/plan type.
