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Revenue Protection policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease, and revenue losses caused by a change in the harvest price from the projected price. Coverage is also provided for Replant and Prevented Planting. Generally used for corn, grain sorghum, soybean, wheat, barley, cotton, and peanuts.
Yield Protection policies provides coverage against a production loss due to unavoidable, naturally occurring events for crops for which revenue protection is available but was not selected. Coverage is also provided for Replant and Prevented Planting. Generally used for corn, grain sorghum, soybean, wheat, barley, cotton, and peanuts.
Actual Production History policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease. Generally used for tobacco, vineyard, and fruit crop.
Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy. Whole-Farm Revenue Protection provides protection against the loss of insured revenue due to an unavoidable natural cause of loss that occurs during the insurance period and provides carryover loss coverage if you are insured the following year.
STAX is a new crop insurance product for upland cotton that provides coverage for a portion of the expected revenue for your area. Only used for dryland cotton.
Crop Insured Nursery crop insurance is available to all persons operating nurseries that meet certain criteria.
The Pasture, Rangeland, Forage (PRF) Pilot Insurance Program is designed to provide insurance coverage on your pasture, rangeland, or forage acres. This program is designed to protect against lack of rainfall. Giving you the ability to buy insurance protection for losses of forage produced for grazing or harvested for hay, which result in increased costs for feed, destocking, depopulating, or other actions.
The United States currently produces about 163 million pounds of honey from bees each year. This insurance program utilizes various rainfall indexing systems to assess plant growth and vigor, which correlates to honey production.
Livestock Risk Protection is designed to provide protection on fed cattle, feeder cattle, lamb, and swine against a price decline during the policy coverage period.
Livestock Gross Margin provides revenue protection designed specifically to help protect your profit margin. You receive benefits when the difference between hog prices and feed costs at the time your hogs are sold is less than the gross margin guarantee for the coverage period.
The Livestock Gross Margin for Dairy Cattle Insurance Policy provides protection against the loss of gross margin (market value of milk minus feed costs) on the milk produced from dairy cows.
Crop Hail Insurance covers losses directly resulting from hail, fire, lightening, collision and upset during transit of the crop, vandalism/malicious mischief, and in some crops, for an additional amount of premium, wind. Crop Hail does not cover drought, flooding, freezing, frost, or other causes of loss not specifically named in the policy or its endorsements.
It's the vision of American Farm Bureau Insurance Services, Inc. to make the selling and processing of federal crop insurance policies a simple and streamlined process. We are focused on the mantra of "Crop Insurance Made Easy."
CROP WATCH is AFBIS's very own monthly newsletter covering important crop insurance information. We keep the content relevant to the current crop season including upcoming dates, tips, and general reminders everyone needs to know.
The Price Discovery application is available from the United States Department of Agriculture’s (USDA) Risk Management Agency (RMA). The RMA serves America’s agricultural producers through effective, market-based risk management tools to strengthen the economic stability of agricultural producers and rural communities.