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CLIP offers umbrella protection for commodities insured by two or more Revenue Protection (RP) policies. It allows for higher levels of coverage and may be a more cost-effective option compared to purchasing individual policies at the same coverage level. Starting with the 2026 reinsurance year, CLIP will be available for specific spring crops insured under RP plans in 13 states.
In accordance with the Dry Bean Revenue Endorsement and the Dry Pea Revenue Endorsement, the Risk Management Agency (RMA) approved 2026 CY projected prices for the following plans of insurance: Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion. RMA approved 2026 CY volatility factors for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance.
The Federal Crop Insurance Corporation Board of Directors approved implementation of the Crop and Livestock Income Protection (CLIP) crop insurance program, under section 508(h) of the Federal Crop Insurance Act, on November 21, 2024.
In accordance with the Dry Bean Revenue Endorsement and the Dry Pea Revenue Endorsement, the Risk Management Agency (RMA) approved 2025 CY projected prices for the following plans of insurance: Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion. RMA approved 2025 CY volatility factors for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance.
The Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), Dairy Revenue Protection (DRP) plans of insurance under section 508(h) of the Federal Crop Insurance Act. The following revisions are applicable for the 2025 and succeeding crop years:
Livestock Risk Protection changes include:
The Risk Management Agency (RMA) approved the 2024 CY projected prices shown below for the following plans of insurance: Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion. RMA approved 2024 CY volatility factors shown below for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the states, crops, and types indicated in the subsequent tables.
The Risk Management Agency (RMA) periodically receives inquiries from producers who are interested in WFRP and Micro Farm but are unable to find an agent willing to sell and service these policies. In 2022 and 2023, RMA conducted extensive outreach to directly educate producers, agents, and Approved Insurance Providers (AIPs) about WFRP and Micro Farm. Over 2,000 people attended these events with feedback resulting in meaningful policy updates and an increase in Micro Farm sales.
The Risk Management Agency (RMA) approved the 2023 CY projected prices shown below for the following plans of insurance: Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion. RMA approved 2023 CY volatility factors shown below for the Revenue Protection and Revenue Protection with Harvest Price Exclusion plans of insurance. The projected prices and volatility factors are applicable for the states, crops, and types indicated in the subsequent tables.
Common Crop Insurance Policy & Area Risk Protection Insurance 1
