Insurance / Risk Management
Risk Management Association (RMA) — Part of the USDA, RMA provides crop insurance to US farmers and ranchers.
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AGR-Lite (Adjusted Gross Revenue-Lite) — A federally subsidized insurance plan that offers whole-farm revenue protection. The plan protects against low revenues due to losses attributable to unavoidable natural disasters such as fire, adverse weather and market fluctuations. AGR-Lite covers revenue losses from most farm-raised commodities, animal commodities, and unprocessed animal products such as milk and wool.
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Ag Risk Education Library — Insurance Information & Crop-Specific Enterprise Budgets.
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Additional resources
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ACRE — Producers of USDA program commodities such as soybeans, wheat and corn have the option to enroll in a new counter-cyclical revenue plan. The program is called Average Crop Revenue Election, or ACRE for short. It is being offered as an alternative to the direct and counter-cyclical payment option (DCP) authorized under the 2003 farm bill. The current counter-cyclical payment (CCP) program becomes effective when the national season average marketing price for a commodity is below the trigger price for that commodity. However, participation in ACRE reduces direct payments (DPs) and lowers marketing assistance loan rates.
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