Revenue protection – Protects or guarantees price insured receives for crop along with yield crop insurance
Acreage report – Details number of acres planted, percent share insured and plant dates
APH – Historical data on acres and production. Determines average yields
Cause of loss – Reason for damage to crop
CAT – Covers only catastrophic losses above 50% at price equal to 55%
Coverage level – Percent of yield covered in the event of a loss
Guarantee – Total amount promised to an insured in the event of a loss
Harvest price – Determined closer to harvest and values production to count
Enterprise unit – Allows inured to group all acreage of same crop by county and share
Optional unit – Allows land to be divided by location, crop type and practice within county
Production report – Details actual production of crop
Projected price – Estimated price at sales closing date
Sales closing date – Date insured must apply for coverage
Transitional yield – County average yield used to make up required four years of APH history
Yield protection – Protects amount of production crop produces; Claim is paid when production is less than guarantee

• Available in all counties in all 50 states
• Prices are based on guidelines in the policy
• Claims are settled after taxes are filed for the policy year
• Coverage is provided for the durations of the producer’s tax year
• Largely calculated using tax documents including and especially the Schedule F
• Protects against the loss of insured revenue due to an avoidable natural cause of loss during the insurance period

WFRP protects against loss of revenue from:

• Crops produced during the insurance period
• Crops bought for resale during the insurance period
• All crops except timber, forest products and non-livestock animals

This material is funded in partnership by USDA, Risk Management Agency, under award number RM18RMEPP522C###.