This plan provides coverage based on a margin equal to the expected area revenue minus the expected area operating costs. If the average margin for the county is lower than expected due to a decrease in revenue and/or an increase in input costs, the policyholder will be protected from a portion of the resulting shortfall.
This is an area-based plan, so only the county average is considered; the margin of the policyholder's individual farm is not taken into account.
The Sales Closing Date for corn, soybeans, and wheat is September 30; the Sales Closing Date for rice is January 31.
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AgriSompo North America is one of the nation’s largest underwriters of federally-sponsored crop insurance. We’re dedicated to protecting the livelihoods of farmers and ranchers by offering direct and customized agribusiness risk management products through a nation-wide network of exceptional independent crop insurance agents.
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