REVENUE PROTECTION WITH HARVEST PRICE EXCLUSION
RP HPE is similar to RP, however RP HPE coverage provides protection against loss of revenue caused by price decrease, low yields or a combination of both. Unlike RP, the revenue protection guarantee for RP HPE is based on the projected price only and it does not increase based on a harvest price. Crops covered under this plan include barley (includes malting type), canola/ rapeseed, corn, cotton, grain sorghum, rice, soybeans, sunflowers, and wheat.
Types off Losses Covered
The production to count x harvest price is less than the revenue protection guarantee x insured acres.
Available Unit Structures
- Basic
- Optional
- Enterprise
- Whole-farm
Applicable Price(s) / Price Election(s)
Projected Price and Harvest Price defined by CEPP
Maximum Price Movement
Harvest Price not to exceed Projected Price x 2.00 – (except for corn silage and rapeseed for which the harvest price = projected price)
Coverage Levels Available
- 50%
- 55%
- 60%
- 65%
- 70%
- 75%
- 80%
- 85%
How is your Guarantee Calculated
Revenue Protection guarantee = APH approved yield x coverage level x greater of projected price or harvest price
Are Replants Included
Available
Do Late Planting Provisions Apply
Applicable
You Receive an Indemnity If…
Applicable
