Federal Crop Insurance

Don’t take a gamble on the weather or markets when your livelihood is in your crops. Trust the experts at 1^st Farm Credit Services to work with you on plans that best fit your needs and protection. 1^st Farm Credit Services is one of the largest crop insurance providers in Illinois.

1^st Farm Credit Services offers a variety of Federal Crop Insurance plans:
- County Advantage
- Umbrella Plan (UP)
- Revenue Protections
- Revenue Protection Excluding Harvest Price
- Yield Protection
- Catastrophic Coverage (CAT)
- Group Risk Plan (GRP)
- Group Risk Income Plan (GRIP)

County Advantage
County Advantage is a type of farm-level "wrap" insurance that is supplemental to GRIP/GRIP-HR policy. It protects producers that buy GRIP and experience an individual loss, but the county does not.
- Emulates a Revenue Protection policy, but also allows for farm level revenue coverage up to a higher level than Revenue Plans (i.e., up to 90% individual coverage)
- County Advantage indemnifies the producer for the difference between what individual insurance coverage (i.e., Revenue Protection) would have paid and what his GRIP/ GRIP-HR policy pays

Umbrella Plan (UP)
The intent of the UP Policy is to provide protection for multiple year yield losses based on a two year enterprise unit. UP triggers payments if losses exceed 10% (90% coverage) of the two year enterprise unit approved Enterprise APH. The policy only protects against loss of yield between 90% and 75% (15%) of the Enterprise APH and increase in price above the base price up to 200%. (Ie: if Base price is $4 it could increase to $8)
- UP only available on corn in select states

Revenue Protection
- Individual, Revenue Protection
- Downside Price and Yield Protection and Upside Price and Yield Protection.  Available protection levels-65% to 85% of APH (Actual Production History)
- Loss payments paid when actual revenue is less than revenue guarantee
- Insurable units: basic, optional, enterprise and whole farm units
- Cost varies by crop, county, state, practice, options and coverage level
- Individual APH required
- Replant included
- Prevented planting included, buy up available
- Use revenue guarantee to protect aggressive pre-harvest marketing strategy

Revenue Protection with Harvest Price Exclusion
- Individual, Revenue Risk
- Price and Yield protection, Downside Only
- Available protection levels 50% to 85% of APH
- Loss payments paid when actual revenue is less than revenue guarantee
- Insurable units: basic, optional, enterprise, and whole farm(where available)
- Cost: varies by crop, county, state, practice, options and coverage level
- Depends on individual yield history compared to county average
- Individual APH required
- Replant included
- Prevented planting included, buy up available 

Yield Protection
- Individual Yield protection
- Available protection levels-50% to 85% of APH
- Loss payments made when actual yield is less than guarantee
- Insurable units: basic, optional, and enterprise units
- Cost varies by crop, county, state, practice, options and coverage level
- Individual APH required
- Replant included
- Prevented planting included, buy up available
- Covers bushels loss up to 85% of APH, does not offer upside price protection

Catastrophic Coverage (CAT)
- Individual, Production Risk
- Loss Coverage on Catastrophic Losses
- 50% of APH
- Loss payments made when actual yield is less than guarantee
- Insurable units: basic
- Individual APH required
- Prevented planting included
- Covers bushels loss only, up to 50% of APH
- Pays 55% of market price, no upside price protection

Group Risk Plan (GRP)
- County, Production Risk
- Yield protection, based on county average
- Available protection levels 70% to 90% of expected county yield (trigger yield) as determined by National Ag Statistics Services (NASS)
- Price: 60% to 100% of price protection is available
- Loss payments paid when county average yield is less than selected trigger yield Insurable units: one unit, county wide, by crop
- Cost: Varies by area and coverage level
- Individual bushels are not guaranteed
- Not recommended with a marketing strategy

Group Risk Income Plan (GRIP)
- County, Revenue Risk
- Downside Price and Yield Protection and Upside Price and Yield Protection with Harvest Price option added based on county average
- Available protection levels 70% to 90% of expected county revenue
- Price: 60% to 100% of price protection is available
- Harvest revenue option is optional
- Loss payments made when county average revenue is less than selected trigger revenue
- Insurable units: one unit, countywide, by crop
- Cost varies by area and coverage level
- Harvest revenue option is higher cost
- Individual bushels are not guaranteed
- Not recommended with a marketing strategy

For more information, go to the Request Center.

Certain restrictions do apply, subject to approval.

1^st Farm Credit Services Crop Insurance
RETURN TO MAIN PAGE
Giving you the peace of mind to grow with confidence.