Federal Crop Insurance Product
Yield Protection (YP) and Actual Production History (APH) are multi-peril crop insurance products that provide protection against losses in yield due to nearly all natural disasters. For most crops, that includes drought, excess moisture, cold and frost, wind, flood and unavoidable damage from insects and diseases. These products guarantee a yield based on an individual producer's actual production history. If the Production to Count is less than the Yield Guarantee, an indemnity is paid.
Both plans establish a minimum guarantee of bushels per acre.
YP Projected Price is determined by futures contracts, and APH price is established by the Federal Crop Insurance Corporation (FCIC).
Both plans pay an indemnity if the Production to Count falls below the Yield Guarantee.