Aquila/Archer is here to help with your crop insurance needs.
At Aquila/Archer, we understand the unique challenges that farmers face. That’s why we’re dedicated to providing comprehensive crop insurance solutions tailored to your needs. Whether you’re dealing with unpredictable weather, pests, or market fluctuations, Archer is here to help safeguard your livelihood and ensure your peace of mind. Trust us to be your partner in protecting your crops and securing your future.
Crop Insurance for Major Field Crops
Aquil /Archer offers two main types of coverage for major field crops: yield-based coverage and revenue plans.
Yield-based coverage pays an indemnity for low yields, while revenue plans insure a level of crop income based on both yields and prices. Below are the key features of each type.
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Multiple Peril Crop Insurance (MPCI): MPCI covers losses from natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease. You can choose to insure between 50% and 75% (up to 85% in some areas) of your average yield. Additionally, you can select a percentage of the predicted crop price, ranging from 55% to 100%, as set annually by the RMA.
Group Risk Plan (GRP): GRP uses a county yield index to determine losses, rather than a grower’s actual production history. If the county yield for the insured crop falls below the trigger level chosen by the farmer, an indemnity is paid. Yield levels can be insured up to 90% of the expected county yield.
Yield-based Coverage
Revenue Insurance
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Revenue insurance plans protect farmers against financial risks from fluctuating crop prices and yields. These plans ensure a stable income by offering coverage based on expected prices and yields, helping farmers maintain financial stability and peace of mind throughout the growing season.
Crop Revenue Coverage (CRC): CRC provides revenue protection based on expected prices and yields, compensating for losses below a guaranteed level.
Revenue Assurance (RA): RA offers dollar-denominated coverage by allowing producers to select a target revenue amount, ranging from 65% to 75% of expected revenue.
Group Revenue Insurance Policy (GRIP): GRIP pays indemnities only when the average county revenue of the insured crop falls below the revenue level chosen by the farmer.
Income Protection (IP): IP safeguards against low gross income resulting from low yield, price, or a combination of both.
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