Standing Strong in Crop Insurance



Multi Peril Crop Insurance Actual Production History Adjusted Gross Revenue Adjusted Gross Revenue-Lite Catastrophic Coverage Crop Revenue Coverage Dollar Plan Group Risk Income Protection Group Risk Plan Group Risk Plan (GRP) Pasture, Rangeland, Forage (PRF) Rainfall Index Pilot Group Risk Plan (GRP) Pasture, Rangeland, Forage (PRF) Vegetation Index Income Protection Revenue Assurance Livestock Livestock Gross Margin Livestock Risk Protection	Crop Hail Policy Types Optional Endorsements Named Peril Supplemental Products Standalone Products	The following products are only available in certain selected states. Property and Casualty Products Life and Long Term Care Products
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Multi Peril Crop Insurance Actual Production History (MPCI) - APH coverage is the oldest and most popular product in the crop insurance family of policies. Often called simply "Multi-Peril Crop Insurance" or MPCI, it provides protection against a loss in yield due to natural causes. For most crops, this includes drought, excess moisture, cold and frost, wind, flood and unavoidable damage from insects and plant disease. APH plan guarantees a yield based on the individual producer's actual production history. If the production to count is less than the yield guarantee, the insured will be paid a loss. Adjusted Gross Revenue Insurance (AGR) - The Adjusted Gross Revenue pilot program is a whole-farm revenue program that provides an insurance safety net for producers growing crops where MPCI insurance coverage is not available. AGR insures all agricultural commodities produced on a farm as well as products purchased for resale against loss of revenue due to any unavoidable natural disaster that occurs during the previous insurance year, or market fluctuation that causes a loss in the current insurance year. Animal and animal products may account for no more than 35% of the allowable income for the insurance year in order for a producer to be eligible for AGR. Adjusted Gross Revenue Insurance Lite (AGR-Lite) - The Adjusted Gross Revenue-Lite program is a whole farm revenue program similar to the AGR program that provides protection against low revenue due to unavoidable causes. Covered farm income includes income from almost all crops and agricultural commodities. Producers are eligible for AGR-Lite regardless of what percentage of their income is from animals and animal byproducts. For AGR-Lite, the annual average adjusted gross revenue cannot exceed $250,000. Catastrophic (CAT) - The Catastrophic Endorsement can be attached to APH and several other policy types. For a $100 fee, producers can buy the minimum insurance coverage based on 50% of the producing operation's average yield at 55% of the FCIC established prices. When the CAT Endorsement is attached to a Group Risk Plan, coverage is based on 65% coverage level at 45% of the FCIC established prices. This endorsement is not available on CRC or RA policies. Crop Revenue Coverage (CRC) -The most widely available revenue policy is CRC. This policy guarantees an amount of revenue (based on the individual producer's actual production history (APH) x commodity price) called the final guarantee. The coverage and exclusions of CRC are similar to those for the standard APH policy. The final guarantee is based on the greater of the base price (the "initial" commodity price) or the harvest price (the final commodity price generated at harvest time). While the guarantee may increase, the premium will not. Premium will be calculated using the base price. Since the protection of producer revenue is the primary objective of CRC, it contains provisions addressing both yield and price risks. CRC covers revenue losses due to a low price, low yield, or any combination of the two. An indemnity is due when the calculated revenue (production to count x harvest price) is less than the final guarantee for the crop acreage. Dollar Plan - The dollar plan provides protection against declining value due to damage that causes a yield shortfall. The amount of insurance is based on the cost of growing a crop in a specific area. A loss occurs when the annual value of the crop is less than the amount of insurance. The maximum dollar amount of insurance is stated on the actuarial document. The insured may select a percent of the maximum dollar amount equal to their coverage level. Group Risk Income Protection (GRIP) -GRIP is based on the experience of the county rather than individual farms, so actual production history (APH) is not required for this program. A GRIP policy includes coverage against potential loss of revenue resulting from a significant reduction in the county yield or commodity price of a specific crop. When the county yield estimates are released, the county revenues (or payment revenues) will be calculated the following crop year. A GRIP policy will pay an indemnity when the county revenue is less than the "trigger" revenue on the individual producer's policy. Since this plan is based on the county revenue and not individual revenue, the insured may have a loss in revenue on their farm and not receive payment under GRIP. A GRIP Harvest Revenue Option (HRO) endorsement is available. This Option offers "upside" price protection by valuing lost bushels at the harvest price in addition to the coverage offered under GRIP. Group Risk Plan (GRP) - GRP coverage is based on the experience of the county rather than individual farms, so actual production history (APH) is not required for this program. GRP indemnifies the insured in the event the county average per-acre yield (the payment yield) falls below the insured's "trigger" yield. The Federal Crop Insurance Corporation (FCIC) will issue the payment yield in the calendar year following the crop year insured. Since this plan is based on county yields and not individual yields, the insured may have a low yield on their farm and not receive payment under the GRP plan of insurance. Group Risk Plan (GRP) Pasture, Rangeland, Forage (PRF) Rainfall Index Pilot - PRF Rainfall Index coverage is a risk management tool offered to farmers and ranchers who rely on pasture, rangeland, or forage acreage for haying or grazing. It is a limited-availability pilot program, beginning with the 2007 crop year. This policy is similar to other GRP policies; however, rather than providing coverage based on county yields, coverage is based on the rainfall experience in a small area called a grid. Under the PRF Rainfall policy, grids are squares of 12 by 12 miles. The smaller area allows PRF policies to provide more localized, specific coverage. A producer's Actual Production History (APH) is not used for this program. Producers with qualifying acreage are covered for a reduction in the grid's index, an average of the precipitation data within that grid. A PRF Rainfall policy is intended for those producers whose acreage tends to follow the average rainfall patterns for the grid. Producers are not required to insure all qualifying acreage in a county. While other GRP programs use National Agricultural Statistic Service (NASS) data for rating and determining county yields, the PRF Rainfall Index Pilot uses average precipitation data provided by the National Oceanographic and Atmospheric Administration (NOAA) - the same data used to create the Palmer Drought Index. This precipitation data is used for rating and for determining grid indices. Coverage is purchased the calendar year before the crop year begins, and is provided in multiple producer-selected insurance periods called Index Intervals. An Index Interval is a two-month period. Producers select the appropriate Index Intervals for their operation by asking themselves "When do I need rain on this parcel?" Their answer tells them which Index Interval(s) they should purchase to mitigate their risk. PRF indemnifies the insured in the event the Final Grid Index falls below the insured's Trigger Grid Index (the insured's selected coverage level). The Federal Crop Insurance Corporation (FCIC) issues the Final Grid Index when the Index Interval ends. Payments on the corresponding Index Interval will be issued to insureds that are owed a loss. Because this plan is based on grid precipitation data from NOAA and not on individual production, the insured may have low rainfall in a grid and still not receive an indemnity. [to the top] Group Risk Plan (GRP) Pasture, Rangeland, Forage (PRF) Vegetation Index Pilot - PRF Vegetation Index coverage is a risk management tool offered to farmers and ranchers who rely on pasture, rangeland, or forage acreage for haying or grazing. It is a limited-availability pilot program, beginning with the 2007 crop year. This policy is similar to other GRP policies; however, rather than providing coverage based on county yields, coverage is based on the vegetation density experience in a far smaller area called a grid. Under the PRF Vegetation policy, grids are squares of 4.8 by 4.8 miles. The smaller area allows PRF policies to provide more localized, specific coverage. A producer's Actual Production History (APH) is not used for this program. Producers with qualifying acreage are covered for a reduction in the grid's index, an average of the vegetation density within that grid. A PRF Vegetation policy is intended for those producers whose forage production tends to follow the average vegetation growth for the grid. Producers are not required to insure all qualifying acreage in a county. While other GRP programs use National Agricultural Statistic Service (NASS) data for rating and determining county yields, and final county yields, the PRF Vegetation Index Pilot uses Normalized Difference Vegetation Index (NDVI) data provided by the Earth Resources Observation Systems (EROS) - the same satellite imagery and capabilities used by NASA. This vegetation density data is used for rating and determining grid indices. Coverage is purchased the calendar year before the crop year begins, and is provided in multiple producer-selected insurance periods called Index Intervals. An Index Interval is a three-month period. Producers select the appropriate Index Intervals by asking themselves "When do I need my forage to be green in this grid?" Their answer tells them which Index Interval(s) they should purchase to mitigate their risk. PRF indemnifies the insured in the event the Final Grid Index falls below the insured's Trigger Grid Index (the insured's selected coverage level). The Federal Crop Insurance Corporation (FCIC) issues the Final Grid Index when the Index Interval ends. Payments on the corresponding Index Interval are issued to insureds that are owed a loss. Because this plan is based on grid "greenness" data from EROS and not on individual production, the insured may have poor vegetation growth in a grid and still not receive an indemnity. Income Protection (IP) - IP is a pilot revenue product that is based on the individual producer's actual production history (APH) at the Enterprise Unit level. It provides protection against a loss of income when prices and/or yields fall. The guarantee and the premium will be calculated using the projected price (an average derived from daily settlement prices on the Chicago Board of Trade). An indemnity is due when the revenue to count (production to count x harvest price) is less than the amount of protection. Revenue Assurance (RA) - RA protects a producer's income when the crop revenue falls below the guaranteed revenue. The coverage and exclusions of RA are similar to those for the standard APH policy. However, APH plan provides coverage for loss of production, whereas RA provides coverage to protect against loss of revenue caused by low prices or low yields or a combination of both. RA also has the Fall Harvest Price Option (FHPO) available. This Option uses the greater of the fall harvest price (the final commodity price generated at harvest time) or the projected harvest price (the expected commodity price) to determine the per-acre revenue guarantee. So, with the Option, RA is similar to CRC; without the Option, it is similar to IP. [to the top] LIVESTOCK Livestock Gross Margin - The Livestock Gross Margin Insurance Policy provides protection against loss of gross margin (market value of livestock minus feed costs) on swine in Iowa. The indemnity at the end of the 6-month insurance period is the difference, if positive, between the Expected Gross Margin and the Actual Gross Margin. Livestock Risk Protection - The Livestock Risk Protection Insurance Policy provides protection for fed cattle, feeder cattle, and swine against a decline in prices below the established coverage price. The indemnity at the end of the endorsement period is the difference between coverage price and actual ending values. LRP is not available in all states; please talk with your local RCIS agent for details. [to the top]
Your RCIS local, independent insurance agent can help you evaluate crop insurance products and design the coverage that's right for you. CROP HAIL OVERVIEW What would a hail loss mean to you? To your family? To your operation? The crops you seed or plant require a major investment of labor and cash. Depending on the severity of hail damage, you could be risking the loss of your profit, labor and cash investment. An RCIS crop-hail policy isn't just a good investment - it's one of the best investments you can make. Policy Types - The days of "one size fits all" crop-hail policies are long past. You may need a standalone policy, a full-coverage policy, or a crop-hail policy using a variety of RCIS deductible programs. RCIS also has companion crop-hail policies designed to protect the uninsured portion of your Multiple Peril Crop Insurance (MPCI) policy. RCIS and your local RCIS agent are committed to helping you manage your risk through affordable crop-hail programs. . Optional Endorsements - Many RCIS crop-hail programs offer optional endorsements that will further enhance your crop-hail program by providing coverage against specific perils. Your local RCIS agent can explain the optional endorsements available for your crops and help you tailor your crop-hail coverage to your risk management needs. [to the top] NAMED PERIL OVERVIEW RCIS offers flexible coverage designed to protect crops from damaging weather conditions during specified coverage periods. These Named Peril products are recommended as supplements to an MPCI policy, a crop-hail policy or as a standalone policy. Named Peril policies are designed to cover gaps in other coverages, such as hazards unique to specific crops, unavailability of MPCI programs or crop-hail coverage in your area, and Processor coverage. SUPPLEMENTAL PRODUCTS - Must be purchased in combination with a Multi-Peril Crop Insurance (MPCI) policy. RCIS offers two supplemental policies that are designed to enhance your underlying RCIS MPCI policy. These products provide increased protection above that offered under the multi-peril coverage in certain states on selected products. Added Price Option (APO) -- APO is a supplement available on select multi-peril crop insurance crops and plans in select states. Coupled with MPCI, an APO policy may enable the crop to be insured up to full value. The Added Price Option is strictly a production policy where losses are triggered only by loss of yield. There is no revenue guarantee under the APO policy. Replant Option - The Replant Option is a supplement available on select Multi-Peril Crop Insurance crops and plans in select states. In the event of a MPCI replant indemnity, the insured receives an additional payment from the Replant Option policy. This policy also covers replant costs on smaller acreage than Multi-Peril Crop Insurance. [to the top] STANDALONE PRODUCTS - Products are available in select states only. If state availability is not listed below, please contact your local RCIS agent for details. Contingent Business Interruption - Protects citrus processors and packers from lost income due to a shortage of fruit to process caused by insured perils (available only in California). Citrus Freeze - Covers damages due to freezing of Navel and Valencia oranges, lemons, and grapefruit (available only in California). Mobile Tobacco Bulk Curing Barns - Covers damage to curing barns for specified perils. Harvest/Stored Tobacco - Covers tobacco against specified perils while stored in the covered barn. Tomato Rain - Covers losses caused by the development of mold or rot or inability to harvest processing tomato crops due to excessive rain (available only in California.) Crop Fire - Protects an un-harvested crop against loss due to fire or lightning. Raisin Reconditioning - Covers the cost of reconditioning raisins damaged by rain while drying on trays in the field. Optional coverage for slipping and turning costs is available (available only in California). Dry Bean Rain - Protects your dry bean crop from physical damage from the time the bean plants are mechanically cut for drying until actual harvest pick-up occurs (available only in California). Pistachios - Covers growing pistachios against adverse weather. [to the top]
As a subsidiary of RCIS, WFRIS provides a broad range of products to serve the needs of rural communities throughout the nation. Our current portfolio consists of the following insurance products and the companies that provide them. Some programs are not available in every state. Below is a list of companies WFRIS is contracted with and the products each company offers: PROPERTY & CASUALTY American E & S · Excess and Surplus Lines American Reliable Insurance Company · Farmowners · Farm Excess Liability · Flood Insurance Fidelity National Insurance Company · Personal Lines · Auto · Homeowners Firemans Fund · Farmowners · Farm · Farm Excess Liability · Personal Lines RLI Insurance Company · Personal Umbrella · In-Home Business Insurance St. Paul Travelers Insurance Company · Commercial Select Accounts · Farmowners · Farm Auto · Farm Excess Liability Westfield Insurance Group · Commercial Agri-Business [to the top] LIFE & LONG TERM CARE Continental General Insurance Company · Life · Long Term Care · Medicare Supplement LeClair Insurance Services · Long Term Care [to the top]

LEIST MERCANTILE INC is licensed to do business in the states of KY, OH

PRIVACY AND NONDISCRIMINATION STATEMENTS

Rural Community Insurance Services is a managing general agency representing several risk bearing insurance companies. Insurance policies are obligations of the issuing insurance company, are not obligations or deposits of or guaranteed by any bank and are not insured by the Federal Deposit Insurance Corporation.