Crop Insurance Premium Quoter and What-If Analysis

This tool provides real-time premium costs and prices. Enter your county, crop, and yield info.

Click the second tab below if you need a yield worksheet to calculate your average yield.
Commodity Year:
Crop:
Location
State:
County:
Quote Inputs
Type: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Practice: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Acres:
Approved Yield: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
UNITS
Projected Price: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Calculate premium per acre? Yes No
Calculate premium with subsidy subtracted? (i.e. Producer premium) Yes No
Advanced Options <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Use Trend Adjustment (TA) or Yield Exclusion (YE): No Yes
Rate Yield: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
UNITS
Prevented Planting: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Share Percentage: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Trend Adjustment Factor: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Volatility Factor (in range [0.10, 0.40]): <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>
Premium estimate only, for educational purposes. Refer to your crop insurance agent for official quote, conditions and exclusions. For an agent near you, visit the USDA RMA agent finder.

Your Insurance Plan Info

Unit Options: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>

Unit Type: Basic

Under Basic Units, all of the acres you own/cash rent in a county are insured together, separate from all acres in a county that are share rented. All acres share rented with different landlords are also insured as their own unit. So, you can have multiple Basic Units in a county, which means more opportunities to collect loss payments. However, Basic Units are more expensive than Enterprise Units

Unit Type: Optional

Optional Units are like Basic Units, except acres are divided by Township instead of County. So, you can have multiple Optional Units in a Township, which means even more opportunities to collect loss payments. However, Optional Units are more expensive than Enterprise and Basic Units

Unit Type: Enterprise

Under Enterprise Units, all of your acres of a single crop in a county are insured together. Premiums for this policy are less expensive than Basic or Optional Units.

Product Type: Yield Protection

Yield Protection (YP) insures you against yield losses only, at the base price set at the beginning of the year. It does not insure price declines, but is cheaper than Revenue Protection.


Click this to see the WHAT-IF ANALYSIS calculator below to simulate your own scenarios.

Coverage Premium Liability Yield Guarantee

Show Total or Per Acre?

What is Premium?

Premium is the amount you pay for insurance. While you have to enroll prior to Sales Closing (e.g., March 15th for corn in NY and the Midwest, see HERE for all enrollment deadlines), you do not actually pay your premium until around harvest time. The Premiums are intended to be priced so that over time, you should on average collect more in loss payments than you pay into premium since it is subsidized, though this may vary from year-to-year ,and producer-to-producer. So, you shouldn't expect to recieve loss payments every year. Only you know if it is a good investment for your operation.

What is Coverage Level?

Coverage level is an election made by you, which determines what percent of your expected yield is covered. It is similar to a deductible. For example, if your expected yield (your average historical yield, known as Approved Yield) is 100 bushels/acre, and you elect a 75% Coverage Level, then you will get a loss payment if your yield is less than 75 bushels/acre due to insured causes.

WHAT-IF? Analyzer

Show Total or Per Acre?

Approved Yield:

Base (Projected) Price:

Actual Yield (end of season):

UNITS
/ACRE

Policy Revenue (actual yield times preseason price):

$

Enter hypothetical end of season yield and harvest prices to see what this insurance would pay out in different scenarios. Try entering some yields and prices to see what your insurance indemnity would be!



The "Net Payment" graph is the indemnity or loss payment you would recieve, minus what you paid in premium.



The "Liability" graph shows your amount of coverage (the maximum you would be paid in event of total loss).

Product Type: Actual Production History Protection

Actual Production History (APH) insures you against yield losses only, at the base price set at the beginning of the year. It does not insure price declines, but is cheaper than Revenue Protection.


Click this to see the WHAT-IF ANALYSIS calculator below to simulate your own scenarios.

Coverage Premium Liability Yield Guarantee

Show Total or Per Acre?

What is Premium?

Premium is the amount you pay for insurance. While you have to enroll prior to Sales Closing (e.g., March 15th for corn in NY and the Midwest, see HERE for all enrollment deadlines), you do not actually pay your premium until around harvest time. The Premiums are intended to be priced so that over time, you should on average collect more in loss payments than you pay into premium since it is subsidized, though this may vary from year-to-year ,and producer-to-producer. So, you shouldn't expect to recieve loss payments every year. Only you know if it is a good investment for your operation.

This tool provides current premium quote

What is Coverage Level?

Coverage level is an election made by you, which determines what percent of your expected yield is covered. It is similar to a deductible. For example, if your expected yield (your average historical yield, known as Approved Yield) is 100 bushels/acre, and you elect a 75% Coverage Level, then you will get a loss payment if your yield is less than 75 bushels/acre due to insured causes.

WHAT-IF? Analyzer

Show Total or Per Acre?

Approved Yield:

Base (Projected) Price:

Actual Yield (end of season):

UNITS
/ACRE

Policy Revenue (actual yield times preseason price):

$

Enter hypothetical end of season yield and harvest prices to see what this insurance would pay out in different scenarios. Try entering some yields and prices to see what your insurance indemnity would be!



The "Net Payment" graph is the indemnity or loss payment you would recieve, minus what you paid in premium.



The "Liability" graph shows your amount of coverage (the maximum you would be paid in event of total loss).

Product Type: Revenue Protection (RP)

RP insures you against revenue losses (price times yield). So, this policy protects against low yields and/or low prices. Additionally, the price used to set your revenue baseline will adjust up and provide you higher coverage if prices go up at harvest.


Click this to see the WHAT-IF Analysis calculator below to simulate your own scenarios.

Coverage Premium Liability

Show Total or Per Acre?

What is Premium?

Premium is the amount you pay for insurance. While you have to enroll prior to Sales Closing (e.g., March 15th for corn in NY and the Midwest, see HERE for all enrollment deadlines), you do not actually pay your premium until around harvest time. The Premiums are intended to be priced so that over time, you should on average collect more in loss payments than you pay into premium since it is subsidized, though this may vary from year-to-year ,and producer-to-producer. So, you shouldn't expect to recieve loss payments every year. Only you know if it is a good investment for your operation.

What is Coverage Level?

Coverage level is an election made by you, which determines what percent of your expected Revenue is covered. It is similar to a deductible. For example, if your expected revenue (your average historical yield, known as Approved Yield, times the Base Price) is $800/acre, and you elect a 75% Coverage Level, then you will get a loss payment if your actual revenue is less than $600/acre due to insured causes.

WHAT-IF? Analyzer

Show Total or Per Acre?

Approved Yield:

Base (Projected) Price:

Actual Yield (end of season):

UNITS
/ACRE

Harvest Price: <div>Icons made by <a href="http://www.flaticon.com/authors/roundicons" title="Roundicons">Roundicons</a> from <a href="http://www.flaticon.com" title="Flaticon">www.flaticon.com</a></div>

$

Actual Revenue (end of season):

$

Enter hypothetical end of season yield and harvest prices to see what this insurance would pay out in different scenarios. Try entering some yields and prices to see what your insurance indemnity would be!



The "Net Payment" graph is the indemnity or loss payment you would recieve, minus what you paid in premium.



The "Liability" graph shows your amount of coverage (the maximum you would be paid in event of total loss).

Product Type: Revenue Protection with Harvest Price Exclusion (RP-HPE)

RP-HPE insures you against revenue losses (price times yield). So, this policy protects against low yields and/or low prices. But the price used to set your revenue baseline is fixed and will NOT adjust up if prices go up at harvest. It is cheaper than regular Revenue Protection


Click this to see the WHAT-IF ANALYSIS calculator below to simulate your own scenarios.

Coverage Premium Liability

Show Total or Per Acre?

What is Premium?

Premium is the amount you pay for insurance. While you have to enroll prior to Sales Closing (e.g., March 15th for corn in NY and the Midwest, see HERE for all enrollment deadlines), you do not actually pay your premium until around harvest time. The Premiums are intended to be priced so that over time, you should on average collect more in loss payments than you pay into premium since it is subsidized, though this may vary from year-to-year ,and producer-to-producer. So, you shouldn't expect to recieve loss payments every year. Only you know if it is a good investment for your operation.

What is Coverage Level?

Coverage level is an election made by you, which determines what percent of your expected Revenue is covered. It is similar to a deductible. For example, if your expected revenue (your average historical yield, known as Approved Yield, times the Base Price) is $800/acre, and you elect a 75% Coverage Level, then you will get a loss payment if your actual revenue is less than $600/acre due to insured causes.

WHAT-IF? Analyzer

Show Total or Per Acre?

Approved Yield:

Base (Projected) Price:

Actual Yield (end of season):

UNITS
/ACRE

Harvest Price:

$

Actual Revenue (end of season):

$

Enter hypothetical end of season yield and harvest prices to see what this insurance would pay out in different scenarios. Try entering some yields and prices to see what your insurance indemnity would be!



The "Net Payment" graph is the indemnity or loss payment you would recieve, minus what you paid in premium.



The "Liability" graph shows your amount of coverage (the maximum you would be paid in event of total loss).