Revenue Protection (RP) is a multiple-peril crop insurance product based on the Commodity Exchange Price Provisions (CEPP) prices, and protects against production loss, price decline or increase, or a combination of both.
If revenue-to-count is less than the final revenue guarantee, an indemnity is paid. RP is a flexible and efficient risk management tool for crop producers, offering coverage on basic, optional, enterprise, and whole-farm units (where available).
Here's how it works:
- RP establishes a minimum guarantee of revenue per acre for an insured producer. Producers select coverage with or without the Harvest Price Exclusion.
- The revenue guarantee is established, using the greater of the Projected Price or Harvest Price (limited to 200% of the Projected Price)
- Revenue Protection will pay when your harvest revenue is less than the final revenue guarantee.