Whole Farm Revenue Protection
Whole Farm Revenue Protection is an umbrella policy that protects against the loss of revenue from all crops and animal products you produce. If you raise less than three commodities, you can insure from 50 – 75 percent of your approved revenue. If you raise more than three or more commodities, you can insure up to 85 percent. Approved revenue is the lower of (1) your average gross crop/animal sales in the entity’s last five years of Schedule F tax return, or (2) intended crop year gross revenue from crops and animal products expected to be produced. Losses occur when your actual revenue from crops and animal products produced falls below their guaranteed revenue, which is the approved revenue, multiplied by the coverage level.
Like other forms of insurance, premium levels will depend on the likelihood of a claim and the level of deductible you choose.
GreenStone FCS is an equal opportunity provider and employer.