Don’t take a gamble on the weather or markets when your livelihood is in your crops. Trust the experts at 1st Farm Credit Services to work with you on plans that best fit your needs and protection. 1st Farm Credit Services is one of the largest crop insurance providers in Illinois.
1st Farm Credit Services offers a variety of Federal Crop Insurance plans:
ADD MAX
County Advantage
Umbrella Plan (UP)
Revenue Assurance (RA)
Crop Revenue Coverage (CRC)
Multi-Peril Crop Insurance (MPCI)
Catastrophic Coverage (CAT)
Income Protection (IP)
Group Risk Plan (GRP)
Group Risk Income Plan (GRIP)
ADD MAX New!
ADD MAX is designed to provide pure yield protection (on optional or enterprise unit basis) for producers wishing to purchase higher yield protection levels than available from federal APH, CRC, or RA policies ("MPCI", on either enterprise, basic or optional unit basis).
-Allows producers ability to insure 90% of APH
- Allows producers the ability to name their base price used for premium and claims calculation at a maximum of 10% below underlying policy base price
County Advantage New!
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 RA/CRC policy, but also allows for farm level revenue coverage up to a higher level than Federal CRC/RA (i.e., up to 90% individual coverage)
- County Advantage indemnifies the producer for the difference between what individual insurance coverage (i.e., CRC or RA) would have paid and what his GRIP/ GRIP-HR policy pays
Umbrella Plan (UP)New!
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 Assurance (RA)
- Individual, Revenue Protection
- Downside Price and Yield Protection and Upside Price and Yield Protection with Harvest Price option added. 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
- Discount for enterprise units based on number of sections
- Harvest price option is higher cost
- Individual APH required
- Replant included
- Prevented planting included, buy up available
- Use revenue guarantee to protect aggressive pre-harvest marketing strategy
Crop Revenue Coverage (CRC)
- Individual, Revenue Risk
- Upside and Downside Price and Yield Protection
- Available protection levels-50% to 85% of APH
- Loss payments paid when actual revenue is less than revenue guarantee
- Insurable units: basic, optional and enterprise units
- Cost varies by crop, county, state, practice, options and coverage level
- Discount for enterprise units based on number of acres farmed
- Individual APH required
- Replant included
- Prevented planting included, buy up available
- Use revenue guarantee to protect aggressive pre-harvest marketing strategy
Multi-Peril Crop Insurance (MPCI)
- Individual Yield protection
- Available protection levels-50% to 85% of APH
- Loss payments made when actual yield is less than guarantee
- Insurable units: basic and optional 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
- Replant included
- Prevented planting included
- Covers bushels loss only, up to 50% of APH
- Pays 55% of market price, no upside price protection
Income Protection (IP)
- Individual, Revenue Risk
- Price and Yield protection, Downside Only
- Available protection levels 50% to 75% of APH
- Loss payments paid when actual revenue is less than revenue guarantee
- Insurable units: enterprise only
- 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
- Bushels are not guaranteed
- Not recommended with marketing strategy
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