Duane Johnson Insurance
Harrisburg, SD
Harrisburg, SD
YIELD PROTECTION
Yield Protection provides protection against a loss in yield due to any naturally occurring event. YP uses the spring price to figure premium, replant payment, and prevented planting payment, and to value the production to count (in the event of a loss). YP guarantees a production yield based on your APH. Any lost bushels below the guarantee are multiplied by the spring price (not the higher of, like RP).
RP with Harvest Price Exclusion (RP HPE)
RP HPE is similar to RP in that it provides revenue protection against price decrease, low yields, or a combination of both. Unlike RP, the revenue guarantee for RP HPE is based on the spring price only, and does not increase based on a higher harvest price. In the event of higher prices like 2012, this type of insurance could be painfully expensive.
RP HPE is similar to RP in that it provides revenue protection against price decrease, low yields, or a combination of both. Unlike RP, the revenue guarantee for RP HPE is based on the spring price only, and does not increase based on a higher harvest price. In the event of higher prices like 2012, this type of insurance could be painfully expensive.
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There are a lot of crop insurance options out there, and they can change from year to year. Let's find the right crop insurance plan for you.