Illinois,  Indiana,  Michigan,  Ohio

Crop Insured

You can insure soybeans if:

  • They are grown on insurable acreage;
  • Premium rates are provided;
  • You have a share; and
  • They are planted for harvest as beans.
Causes of Loss

You are protected against the following:

  • Adverse weather;
  • Earthquake;
  • Failure of irrigation water supply;
  • Fire;
  • Plant disease and insects, unless you have insufficiently or improperly applied pest or disease control measures;
  • Volcanic eruption; or
  • Wildlife.
Insurance Period

Coverage begins on the later of:

  • The date we accept your application; or
  • The date you plant the soybeans.

Coverage ends at the earliest of:

  • Total destruction of the crop;
  • Harvest of the crop;
  • Final adjustment of a loss;
  • Abandonment of the crop; or
  • December 10, 2018.
Important Dates
  • Sales Closing / Cancellation Date…………March 15, 2018
  • Final Planting………… Varies by county
  • End of Late Planting Period …………Varies by county
  • Acreage Report………… July 15, 2018
Reporting Requirements
You must report all of your soybean acreage, production and any losses, when evident, to your insurance agent.
Coverage Levels and Premium Subsidies

Crop insurance premiums are subsidized as shown in the following table. For example, if you select the 75 percent coverage level for an Enterprise Unit, the premium subsidy is 77 percent and your premium share is 23 percent of the base premium.

Coverage Level .50 .55 .60 .65 .70 .75 .80 .85
Subsidy Factors Enterprise Unit .80 .80 .80 .80 .80 .77 .68 .53
Basic Unit .67 .64 .64 .59 .59 .55 .48 .38
Optional Unit .67 .64 .64 .59 .59 .55 .48 .38
Projected and Harvest Prices

Projected Price - (for yield and revenue protection) Based on the Chicago Board of Trade December Futures Contract from February 1, 2018 to February 28, 2018.

Harvest Price - Based on the Chicago Board of Trade December Futures Contract from October 1, 2018 to October 31, 2018. Protects you when fall prices are above the projected price.

Specialty Soybean Prices
Insurance coverage based on individual contract prices is available for certain specialty types of soybeans in Michigan and Ohio. See your crop insurance agent for details.
Coverage Options

Yield Protection (YP) - Only protects against a production loss.

Revenue Protection (RP) - Protects against loss of revenue due to a production loss, change in price or a combination of both.

Revenue Protection with Harvest Price Exclusion (RPHPE) - Protects against loss of revenue due to a production loss, price decline or a combination of both.

Area Risk Protection Insurance (ARPI) - Offers three insurance plans based on experience from an area, generally a county, rather than your actual yield. Replaces GRP/GRIP.

Catastrophic Coverage (CAT) - Pays 50 percent of your average yield and 55 percent of the projected price. CAT has no premium but does have a $300 administrative fee per crop per county.

Margin Protection (MP) - An area based plan that protects against an unexpected decrease in operating margin. Can be purchased by itself or in conjunction with YP or RP plans with the same Insurance Company. Sales Closing Date for MP is September 30.


Replant Provisions - You may receive a replant payment if:

  • It is practical to replant;
  • The appraisal does not exceed 90 percent of your guarantee; and
  • You replant at least 20 acres or 20 percent of the unit.

It will be considered practical to replant within or prior to the late planting period unless the insurance company determines otherwise.

Replant payments are not available on CAT or ARPI policies.

Late Planting Period - If you choose to plant after the final planting date, your insurance guarantee is reduced by one percent for each day after the final planting date. After 25 days, your guarantee is 60 percent.

Prevented Planting - You may receive a prevented planting payment if you are unable to plant on or before the final planting date because of an insurable cause. Prevented planting is not available for all plans of insurance. See a crop insurance agent for details.

Loss Example

This example assumes 75 percent coverage level on a Revenue Protection with Harvest Price Exclusion plan, an average yield of 50 bushels per acre, and 100 percent share. The projected price is $8.85 and the harvest price is $9.75. Harvest resulted in 2,500 bushels of soybeans.

50 Bushel Average APH
Coverage level
37.5 Bushels per acre guarantee
100 Acres
3,750 Bushels unit guarantee
$8.85 Projected price
Revenue Protection Guarantee
2,500 Actual Bushels Harvested
$9.75 Harvest Price
$24,375 Value of Bushels Harvested
$33,187.50 Revenue Production Guarantee
24,375 Value of Bushels Harvested
$8,812.50 Unit Payment
1.00 Share
$8,812.50 Final Payment
Where to Buy Crop Insurance
You can buy a crop insurance policy from approved participating insurance agents. A list of crop insurance agents is available at all USDA service centers and on the RMA web site at Agent Locator

  Regional Office Visit

  • Brian Frieden, Director
    3500 Wabash Ave.
    Springfield, IL 62711-8287
  • Phone: 217-241-6600
  • Fax: 217-241-6618
  • Email:
This fact sheet gives only a general overview of the crop insurance program and is not a complete policy. For further information and an evaluation of your risk management needs, contact a crop insurance agent
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