PEANUT POLICIES

Things to Consider

Our team at Agriliance insures peanuts in many different states across the country and we provide risk management advice for each farm individually. All farms have different risk depending on location, financial risk tolerance, markets, soil types, access to irrigation, etc and it is our goal to provide a risk management solution that fits the needs for every operation that we have the pleasure of doing business with.

The Risk Management Agency (RMA) administers crop insurance policies for peanuts in many different states and has different options and tools for farmers to protect their financial risk during the growing season. Our team has partnered with several different Approved Insurance Providers (AIP’s) who offer many different private products that can help supplement a peanut farmers risk management plan. It is our goal to provide the most complete risk management plan in the most economical way possible. Please give us a call to discuss your peanut crop insurance plan and learn more about how we can add value to your specific operation.

Building Policy Unit Structure

Important Options to Elect

Yield Adjustment

Yield adjustment replaces a low yield for a particular year in a producer’s APH database with a yield equal to 60% of the county t-yield.

Yield Cup

Yield cup keeps the approved yield for each farm from dropping more than 10% as new yield records are added each year.

Yield Exclusion

Yield exclusion allows certain years to be removed from a farm’s production history. To be eligible for exclusion, the county yield must be at least 50% below the simple average of the county yields for the previous 10 consecutive crop years.

Trend Adjustment

Trend adjustment increases a farm’s guarantee by adjusting the yield history upward in accordance with the trend adjustment factor established by the county. This option allows a producer’s 10-year production history to match his/her current yield potential

Level by Practice

Where applicable, an insured may select different levels of coverage for irrigated and non-irrigated practices. For example, a producer may elect to insure irrigated acres at a lower level than non-irrigated acres.

Supplemental Coverage Option

SCO

The supplemental coverage option provides additional coverage for your underlying crop insurance policy. SCO losses are paid on an area-wide basis and are only triggered when the county falls below 86% of the expected yield or revenue. The government subsidizes 65% of the SCO premium. ARC/PLC elections at FSA will affect product eligibility.

Contract Price

This option allows peanut growers to take advantage of a higher contract price if the standard planting price sets lower than the contract they have with the buying point.

PEANUT POLICIES

Things to Consider

Building Policy Unit Structure

Optional Units

Enterprise Units

Enterprise by Practice

Multi-County Enterprise Unit