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Farm Insurance Products

Farm Package
For farmers with operations of all types and sizes, this package policy provides property and liability insurance protection. It also can be customized to cover additional risks specific to your operation.

Commercial Auto
When you use automobiles in your farm business, this coverage provides protection for liability and physical damage, as well as for loss caused by an uninsured or underinsured motorist.

Commercial Liability
If you diversify your farm operations with another type of operation, such as a garden store or beauty shop, this coverage can protect you from additional liability exposures.

Pollution
For certain farm pollution exposures, this option can provide protection for on-premises cleanup costs, limited farm chemical application liability, and various other risks.

Workers Compensation
When you hire farm employees, this option covers the medical bills and lost wages for your farm employees injured on the job.

 
 

Written Agreements:

A written agreement is a document designed to provide crop insurance for insurable crops when coverage or rates are unavailable or to modify existing terms and conditions in the crop insurance policy when specifically permitted by the policy. RMA Regional Offices are authorized to conduct the underwriting and approve or deny requests for actuarial change and written agreements on behalf of FCIC. The written agreement must be signed and dated by the insured on or before the applicable date and must be approved by the RMA Regional Office and Approved Insurance Provider to be effective.
   
 
Multiple Peril Crop Insurance (MPCI) provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils. Coverage is available on over 76 crops in primary production areas throughout the U.S. at 50 to 75 percent (up to 85 percent in certain counties) of the actual production history (APH) for the farm. An indemnity price election from 60 to 100 percent of the Federal Crop Insurance Corporation expected market price is selected at the time of purchase. MPCI coverage provides protection against low yields, poor quality, late planting, replanting costs and prevented planting (coverages vary based upon geographic location and crop - always read your policy language to determine the coverage for your specific crops)
 
  Specific Crop Policies - Information provided by RMA
  Actuarials - The Special Provisions of Insurance is the part of the policy that contains specific provisions of insurance for the crop.
  2009 Commodity Insurance Fact Sheet for Pennsylvania Grapes (including price elections)
  2010 Fact sheet will be released August 31, 2009 with price elections.
 
 
Catastrophic Coverage - pays 55 percent of the established price of the commodity on crop losses in excess of 50 percent. The premium on CAT coverage is paid by the Federal Government; however, producers must pay a $100 administrative fee for each crop insured in each county. Limited-resource farmers may have this fee waived. CAT coverage is not available on all types of policies.
 
 

Crop hail insurance provides a variety of products to add additional coverage to your farm.

ACH Crop Hail. With any Federal Subsidized Crop Insurance program, you (as the producer), assume the risk on the top portion of your crop. With traditional hail programs added to your MPCI or Revenue Policy, you have overlapping coverage and pay more in remiums than is necessary. The ARMtech ACH program works jointly with your MPCI or Revenue Policy to offer you excellent coverage at an affordable price. Remember, hail is a covered peril under your Multiple Crop Insurance or Revenue Policy, but not until it exceeds your deductible under that policy. Put the hail coverage where you need it most, above the guarantee established by your MPCI or Revenue Policy. ARMtech uses your MPCI Actual Production History and multiplies it by 115% (this percentage is used for most crops). This allows for the average and above average year yields. The bushels guaranteed under your Federally Subsidized MPCI or Revenue Policy are then subtracted and the remaining bushels are multiplied by the applicable MPCI or Revenue Policy base price election. This is your ACH guarantee. In the event of a hailstorm, you must notify your agent. An adjuster will determine the percentage of loss. This loss cannot be paid until the crop is harvested, since the ACH Program is based on the harvested production.
 
 
Crop Revenue Coverage (CRC) provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils as well as providing protection from fluctuation in commodity prices. Coverage is available on numerous crops in primary production areas throughout the U.S. at 50 to 75 percent (up to 85 percent in certain counties) of the revenue guarantee for the farm.
 
 
Revenue Assurance (RA) provides revenue protection based on price and yield expectations. RA protects a producer’s loss of revenue resulting from low futures prices, low yields, or a combination of the two. Comprehensive protection is provided through a dollar guarantee based on the Chicago Board of Trade (CBOT) base futures price. RA serves as an alternative policy to other FCIC-subsidized policies.
 

Livestock Revenue Protection (LRP) and Livestock Gross Margin (LGM) are policies designed to provide protection on feeder cattle, fed cattle, and swine from commodity and cash market price fluctuations. Coverage is available in many areas of the U.S.
 
 
The Adjuster Gross Revenue (AGR) product provides protection against low revenue due to unavoidable natural disasters and market fluctuations that occur during the insurance year. Covered farm revenue consists of income from agricultural commodities, including incidental amounts of income from farm animals and animal products and aquaculture reared in a controlled environment.
 
 
Group Risk Income Protection (GRIP) is based on the experience of the county rather than individual farms, so 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 prior to April 16 of the following crop year. GRIP will pay a loss when the county revenue is less than the trigger revenue. Since this plan is based on county revenue and not individual revenue, the insured may have a loss in revenue on their farm and not receive payment under GRIP.
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Group Risk Plan (GRP) is a dramatic departure from traditional approaches to crop insurance protection, with less paperwork and generally less cost than Multiple Peril Crop Insurance (MPCI). The policy was developed on the basis that when an entire county's crop yield is low, most farmers in that county will also have low yields.