Crop Insurance

	Scott DeVries Grain Marketing Specialist Crop Insurance Agent scottdevries@maplehurstfarms.com (815)-393-4431
	Reed Akre Commodity Broker Crop Insurance Agent reed@maplehurstfarms.com (815) 857-3523

Please contact Reed Akre or Scott DeVries to discuss the details of a crop insurance policy that will benefit your operation.

Federal Crop Insurance Products:

CAT (Catastrophic)

· Provides coverage against loss of production.

· Coverage level is set at 50 percent of the actual production history.

· Price election is set at 55 percent of the FCIC market price.

· Basic is the only unit structure available on this policy.

· Provides only minimal coverage.

MPCI (Multiple Peril Crop Insurance)

· Provides protection against loss from low yields due to weather related events.

· Coverage levels available - from 50 to 85 percent of the actual production history for corn, soybeans and sweet corn for most counties of Illinois.

· Price election of 55 to 100 percent of the FCIC market price.

·Basic and Optional units are available for this policy.

CRC (Crop Revenue Coverage)

· Protects the insured against a revenue loss caused by low price, low yield, or a combination of both.

· Coverage levels available are 50 to 85 percent of the actual production history.

· Price election - 100 percent of the base price.

· The revenue guarantee can increase at harvest should prices rise.

· Basic, Optional, and Enterprise units are available for this type of policy.

RA (Revenue Assurance)

· Protects the insured against a revenue loss caused by low price, low yield, or a combination of both.

· Coverage levels available from 50 to 85 percent of the actual production history at 100 percent of the FCIC base price.

· Harvest price option available – guarantee will be calculated using the higher of the base price or the harvest price.

· Guarantee based solely on the base price if harvest option is not chosen.

· Basic, Optional, Enterprise, and Whole Farm unit structures are available on this type of policy.

GRIP (Group Risk Income Plan)

· Designed to protect against a countywide loss of revenue of the insured crop but does not protect against an individual loss.

· Coverage levels are available from 70 to 90 percent of the expected county revenue at 60 to 100 percent of the maximum protection level per acre.

· Indemnity payments made only when county revenue falls below trigger revenue.

GRP (Group Risk Plan)

· Designed to protect against a countywide loss of production of the insured crop in a county.

· An indemnity is paid when the county yields falls below the trigger yield.

· Coverage levels available from 70 to 90 percent of expected county yields up to 100 percent of the maximum protection per acre.
· Indemnity payments made only when the average county yield is less than the trigger yield.