| CHARACTERISTICS |
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| Insures Against |
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Individual Revenue
Risk
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| Price Protection |
Upside & Downside |
N/A |
Downside |
Downside (Upside is optional - HPO) |
N/A |
Downside (Upside is optional - HRO) |
N/A |
| Loss Coverage |
MPCI with Price Protection |
Wide Range of losses caused by nature |
Downward Price & Yield Protection |
Price & Yield Protection |
Yield Protection based on county average |
Revenue protection, based on county average & CBOT |
Wide range of losses caused by nature |
| Levels of Coverage |
50%-85% of APH yield x Price in 5% increments |
50%-85% of APH yield x Price in 5% increments |
50%-75% of APH yield x Price in 5% increments |
65%-85% of APH yield x Price in 5% increments |
70%-90% of Expected County Yield as determined by Nat'l Ag Statistics Services |
70%-90% of expected county revenue |
50% of APH x 55% of MPCI price |
| Loss Payments Paid When: |
When actual revenue is less than revenue guarantee |
When actual yield is less than guarantee |
When actual revenue is less than revenue guarantee |
When actual revenue is less than revenue guarantee |
When county average yield is less than selected trigger yield |
When county average revenue is less than guaranteed revenue |
When Actual yield is less than guarantee |
| Insurable Units |
Basic, Optional, and Enterprise |
Basic and Optional |
Enterprise |
Basic, Optional, Enterprise and Whole Farm |
One unit, countywide, by crop |
One unit, countywide, by crop |
Basic |
| Cost Comparison |
Higher per acre than MPCI |
Varies by crop, county, state, practice, options, and coverage levels |
Typically cheaper MPCI, RA, and CRC. Depends on individual yield history compared to county average. |
Harvest price option similiar to CRC, Spring Option lower than CRC higher than MPCI. Enterprise or whole farm discounts depend on sections farmed. |
Cheaper than MPCI on the average. |
Varies by area, but typically less than MPCI |
$100 per crop per county |
| Record Keeping Required |
Yes |
Yes |
Yes |
Yes |
Recommended |
Recommended |
Yes |
| Replant |
Available |
Available |
Available |
Available |
Not Available* |
Not Available* |
No |
| Prevented Planting |
Available |
Available |
Available |
Available |
Not Available* |
Not Available* |
Yes |
| Use with marketing strategy |
Best product to use with marketing strategy. |
Covers bushel loss up to 85% of APH, but Market Price is typically lower than CRC price. Also does not offer upside protection. |
Individual bushels are not guaranteed. Can be used, but one needs to be more cautious. |
Harvest price option is similiar to CRC. Spring price option is similiar to IP. |
Individual bushels are not guaranteed. Can be used, but one needs to be more cautious. |
Individual bushels are not guaranteed. Can be used, but one needs to be more cautious. |
Gives very little protection |
*Strategic Farm Marketing is one of the few agencies that offer a supplimental replant and prevent plant policy for GRIP and
GRP at a reasonable cost. It also requires the purchase of a minimal amount of hail insurance. Please contact a Strategic Farm Marketing agent at 800-383-0046 for more details.
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