Revenue Protection - HPE

The Revenue Protection with Harvest Price Exclusion option offers a producer protection against loss of yield related to unavoidable perils, which decreases the producers total Dollar Guarantee of harvest. Coverage is based on the producer's Actual Production History (APH) and an early futures price established from an applicable futures market. Coverage Levels, depending on crop and area, are available from 65% up to 85% of the producers APH. The producer's Dollar Guarantee is their APH multiplied by the selected Coverage Level, applicable early futures price, and the total planted acres in the county. A producer is indemnified when their Value of Production is less than their Dollar Guarantee, as long as the shortage is due to an insurable cause of loss. Insurance is provided for the Dollar Guarantee of the crop in the county regardless of ownership share or location. The amount of indemnity is determined by subtracting the Value of Production from the Dollar Guarantee, the producer is paid the difference.