Crop Insurance Plan Comparison Guide
Unit Structure Options
Insurance Products by State
Multi Peril Crop Insurance (MPCI)
Coverage Features:
- Provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils.
- Provides protection against low yields, poor quality, late planting, replanting costs and prevented planting.
- 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.
Area Risk Protection Insurance (ARPI)
Common Crop Insurance Policy
Actual Production History (APH)
Coverage Features:
- APH provides protection against a loss in yield due to nearly all natural disasters.
- APH guarantees a yield based on the individual producer’s actual production history.
- APH will pay a loss when the value of the production to count is less than the liability.
Catastrophic Coverage (CAT)
Coverage Features:
- 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 $300 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.
Ranching Products
Livestock Risk Protection (LRP)
Coverage Features:
- LRP protects your investment should prices drop before your livestock gets to market while preserving all of your upside potential.
Livestock Gross Margin (LGM)
Coverage Features:
- LGM protects against the loss of gross margin (market value minus feed costs) on feeder (yearling and calf) cattle.
Pasture, Rangeland and Forage (PRF)
Coverage Features:
- PRF protects against widespread loss of grazing and haying production offering coverage for drought.
Annual Forage (AF)
Coverage Features:
- The AF program provides coverage to acreage that is planted each year and used as feed and fodder by livestock.
Apiculture (API)
Coverage Features:
- API protects against widespread loss of vegetative production offering coverage for drought.
- API Maps
Nursery Crop
Coverage Features:
- Nursery Crop Insurance provides coverage for all nursery plants and plant types in each practice, contained on the Eligible Price List, in which you have a share, that you can elect to insure.
Crop Hail
APH-Based Crop Hail (ACH)
Coverage Features:
- Insure your whole crop without paying for overlapping coverage with ARMtech's own APH-Based Crop Hail (ACH) Program.
APH Review Fact Sheet
Private Products
Added Price Coverage Option (APCO)
ARMtech’s Added Price Coverage Option (APCO) is a multi-faceted policy that mitigates the risk of forward contracting by supplementing the coverage at which crops are insured. In the event of a yield loss, APCO may add up to 20% to the indemnity.
Corn and Soybeans Brochure
Cranberry Brochure
Sugar Beets Brochure
Revenue Coverage Option (REVCO)
ARMtech’s Revenue Coverage Option (REVCO) is a multi-faceted policy for corn and soybean growers that mitigates the risk of forward contracting by supplementing the price at which crops are insured. In the event of a loss, REVCO may add up to 20% to the indemnity.
Corn and Soybeans Brochure
Production Cost Insurance (PCI)
ARMtech’s Production Cost Insurance (PCI) is a reliable, predictable risk management tool that not only underpins the cost of production in challenging growing seasons, but one that promotes best farm management practices each and every day, across virtually all aspects of the operation. PCI does this by providing a predictable annual revenue stream above defined, direct input costs.
PCI Brochure |