Revenue Protection
Revenue Protection (RP) offers comprehensive protection through a dollar guarantee. RP also provides prevented planting and replant protection. A projected price is used to calculate the premium, replant payments and prevent planting payments. Revenue Protection with Harvest Price Exclusion (RPHPE) is also available.
Revenue Protection (RP) covers weather-related causes of loss, certain other unavoidable perils and price fluctuations.
The Revenue Protection (RP) dollar guarantee for insurance unit is the approved yield times the level of coverage, the insured acreage, the percent of share and teh projected price. Coverage levels are avaibale from 50% to 85%, in 5% increments (80% and 85% coverage levels are not avaiable in all areas). There is increased protection if the harvest price is higher than the projected price. Revenue Protection with Harvest Price Exclusion does not provide increased protextion if the harvest price is higher than the project price.