Area Revenue with Harvest Price Exclusion (ARP-HPE)
Area Revenue Protection with Harvest Price Exclusion crop insurance plan covers against loss of revenue due to a county level production loss, price decline, or a combination of both.
Benefits of ARP-HPE Insurance
How ARP-HPE Insurance Works
The ARP-HPE is similar to the ARP plan except that the guarantee is not adjusted up by the Harvest Price. The guarantee is always based on the projected price, but losses are calculated using the harvest price. This plan is very similar to the RPE-HPE plan except it is based on the experience of the county, rather than the individual producer.
How is an Area Revenue Protection with Harvest Price Exclusion indemnity calculated?
In the event of loss or damage covered by a Area Revenue Protection policy, the claim will be settled by the procedures found in the appropriate policy provisions. For example purposes, an indemnity will be owed if: the final county revenue is less than the trigger revenue (expected county yield x projected price x coverage level).
Learn more with our Crop Insurance Comparison guide
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In the formative days of our Republic, Benjamin Franklin wrote, “I have sometimes thought it might be well to establish an office of insurance for farms against the damage that may occur to them from storms, blights, insects, etc.” Not even Mr. Franklin could have envisioned what’s transpired since.
The Risk Management Agency (RMA) has put emergency procedures in place due to Hurricane Helene and Debby.
The Risk Management Agency (RMA) has put emergency procedures in place due to the effects of Hurricane Milton.
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