As a Virginia Farm Bureau member your local Crop Insurance Specialist will work with you to tailor a protection plan to meet your needs.
Contact your local Farm Bureau agent or our State Crop Specialist for more information about how Farm Bureau Insurance can help meet your insurance needs.
We specialize in the following types of policies:
Revenue Assurance (RA) Corn and Soybeans
Provides protection against loss of revenue caused by low prices, low yields, or a combination of both. Also provides downside price protection with an option for upside protection. Revenue Assurance is priced affordably when compared to other crop insurance products, and coverage levels range from 65% to 75% of expected revenue (85% in selected areas).
Crop Revenue Coverage (CRC) Corn, Cotton, Grain Sorghum, Soybeans, and Wheat
Covers losses due to low price, low yield, or a combination of both. The coverage levels, production history, and perils are similar to that of MPCI. Crop Revenue Coverage guarantees the amount of revenue established on base or harvest price, whichever is highest. With this coverage producers can choose alternative marketing opportunities with more confidence and increase their ability to secure financing.
Adjusted Gross Revenue
Provides protection for revenue loss due to unavoidable natural disaster or market fluctuations. It is a safety net for multiple commodities in one insurance product and can compliment MPCI and CRC by coordinating protection and benefits. It also protects agricultural commodities which do not have MPCI plans available and can cover expanding and decreasing agricultural operations.
Group Risk Income Protection (GRIP)
GRIP includes coverage against potential loss of revenue resulting from a significant reduction in the county yield or commodity price of a specific crop. GRIP is based on county revenue and not individual revenue. The insured may have a loss in revenue on their farm and not receive payment under GRIP.