YIELD PROTECTION
Yield Protection provides protection against a loss in yield due to unavoidable, naturally occurring events. For most crops, that includes adverse weather, fire, insects, plant disease, wildlife, earthquake, volcanic eruption, and failure of the irrigation water supply due to a naturally occurring event. Like the APH (Actual Production History) plan of insurance, YP guarantees a production yield based on the individual producer’s APH. Unlike the APH plan of insurance, a price for YP is established according to the crop’s applicable commodity board of trade/exchange as defined in the Commodity Exchange Price Provisions (CEPP). The projected price is used to determine the yield protection guarantee, premium, any replant payment or prevented planting payment, and to value the production to count. The coverage and exclusions of YP are similar to those for the APH plan of insurance. An indemnity is due when the value of the production to count is less than the yield protection guarantee. The main 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
Production Loss
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
Not Applicable
Coverage Levels Available
- 50%
- 55%
- 60%
- 65%
- 70%
- 75%
- 80%
- 85%
How is your Guarantee Calculated
Yield Protection Guarantee = APH approved yield x coverage level x projected price
Are Replants Included
Available
Do Late Planting Provisions Apply
Applicable
You Receive an Indemnity If…
The production to count x projected price is less than the yield protection guarantee x insured acres.