Area Revenue with Harvest Price Exclusion (ARP-HPE)
Area Revenue Protection with Harvest Price Exclusion crop insurance plan covers against loss of revenue due to a county level production loss, price decline, or a combination of both.
Benefits of ARP-HPE Insurance
How ARP-HPE Insurance Works
The ARP-HPE is similar to the ARP plan except that the guarantee is not adjusted up by the Harvest Price. The guarantee is always based on the projected price, but losses are calculated using the harvest price. This plan is very similar to the RPE-HPE plan except it is based on the experience of the county, rather than the individual producer.
How is an Area Revenue Protection with Harvest Price Exclusion indemnity calculated?
In the event of loss or damage covered by a Area Revenue Protection policy, the claim will be settled by the procedures found in the appropriate policy provisions. For example purposes, an indemnity will be owed if: the final county revenue is less than the trigger revenue (expected county yield x projected price x coverage level).
Related Articles
As important production reporting deadlines approach, here are some helpful information regarding production reports.
Have questions about PRF insurance? The experts at ProAg are here to answer them — including why PRF coverage is so much more than hay insurance.
The STAX and SCO programs administered by the Risk Management Agency (RMA) have insurability limitations based on the producer’s enrollment…
Have an Agent Contact Me
"*" indicates required fields
Search Products by State
