Strategy and Selection

RMA Multi Peril Crop Insurance Policies

At Silver Creek, we specialize in making sure your crop insurance dollars are spent effectively and efficiently. Our expertise as licensed commodity brokers and insurance agents helps us better insure you in the most cost efficient manner. We scan the land each year to find where our risk management dollars can best be used to protect your operation from the unseen events ahead. Our understanding of insurance policies, marketing, and brokerage tools allows us to recommend the best crop insurance policy for your farm without throwing your money down a hole.

Revenue Protection (RP)

Protects from revenue loss caused by low yields, low prices or both.
The Base Price is the average of December Corn Futures during the month of February.
This base price times your Actual Production History (APH) gives you your Minimum Guarantee.
Final Revenue is based on the Harvest Price which is figured by taking the average of December Futures during the month of October.
The higher of the Base Price and the Harvest Price is used to determine the indemnity (this is not the case with the Harvest Price Exclusion).
Coverage levels up to 95%

Margin Protection (MP)

Protects from loss in a county’s margin caused by low yields, low prices or rising inputs.
The discovery price is the average of December Corn Futures during the August 15th-September 14th of the prior year which is also when inputs are calculated.
This discovery price times the county yield minus the county input costs gives you your County Margin.
Final Margin is based on the final county yield, harvest price, and final inputs which is calculated by taking the average of December Futures during the month of October and Inputs during the month of April.
Coverage levels up to 95%.

Yield Protection (YP)

Protects from revenue loss caused by low yields.
Yield guarantees and coverage levels are similar to RP, but YP only pays on losses from yield and has NO price loss coverage.
Coverage levels are 50%-85%

Area Risk Protection (ARP)

This is the replacement of GRIP and GRP from 2014.
ARP is revenue or yield insurance insuring County revenue or yields. It is not based on your production.
Functions very similar to RP in how guarantees are set and indemnities triggered. The biggest difference is that ARP uses county yield data to set guarantees and trigger indemnities.
Coverage levels are between 70%-90%.

Hail Insurance

A type of supplemental insurance that covers the gap not covered by standard crop insurance policies, which usually protect against broader risks like drought or flooding.
We specialize in finding the cheapest and best Hail rates in the country.
Call an agent today if you would like to compare rates.