USDA-Backed Multiple Peril Crop Insurance

COVERED CAUSES OF LOSS

• Adverse weather conditions,
• wildlife,
• fire,
• earthquake,
• volcanic eruption,
• insects and plant disease, providing proper control measures used,
• failure of irrigation equipment due to insurable causes

AVAILABLE LEVELS OF COVERAGE

• Buy-up Coverage levels of up to
  50-85% of approved yield at 100% of the *price election for the variety

• Catastrophic (CAT)
  50% of average yield at 55% of the *price election for the variety 
  

*Price elections are established by variety and reflect crush district values. Enhance your coverage with Price Election upgrades for grapes under a written contract (available on buy-up policies).

HOW IT WORKS

Coverage includes a tonnage guarantee for each variety or insurance unit.  Your yield history may be taken into account for the approved yield used to determine guarantee.

Coverage is determined:    

   Your Approved Yield
X Coverage Level you select
X Insurable acres for the unit
X Your Share
= Guaranteed tons for the unit

Loss Payments Are Made:

   Your Guaranteed Tons for the unit
-  Tons produced or appraised
= Ton Loss
X Price Election X Your Share
= Unit Loss Payment

If you have Buy-up coverage, you may set up separate insurance units with individual guarantees, subject to requirements.

ELIGIBILITY

Some of the insurability requirements include meeting the following minimums:

• Insurable age: vines are 4th growing season after being set out, or the 3rd growing season after being grafted
• Productivity: acreage has produced a minimum of 2 tons per acre in one of the last 3 years

THE COST

Cost begins at $300 per grape variety, per county. USDA’s approach to farm programs includes a strong emphasis on crop insurance, so premiums are subsidized up to 67% to make coverage more affordable. 

DEADLINE TO APPLY

Applications for the USDA-Backed Insurance must be signed by January 31. 

Grape Freeze Info Here

This website provides limited information, and the information herein cannot be considered an offer or guarantee of insurance coverage.  Contact AgSecure for more information on programs in your area.