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.