Revenue Protection with Harvest Price Exclusion (RP-HPE)
RP-HPE is available for: Barley, Canola, Corn, Cotton, Dry Beans, Dry Peas, Grain Sorghum, Peanuts, Popcorn, Rice, Soybeans, Sunflowers, and Wheat.
Revenue Protection with Harvest Price Exclusion policies insure producers against a loss in revenue, regardless of whether the loss is due to loss in production, loss in yield or both. The RP-HPE policy guarantee is based upon the Projected Price and unlike the RP policy, the guarantee will not increase if the Harvest Price is higher than the Projected Price.
In a year in which the Harvest Price is higher than the Projected Price, loss in yields will be offset by the gain in price and will result in lower or no indemnity. A grower could have a yield loss and receive no indemnity.
In a year in which the Harvest Price is lower than the Projected Price, the RP-HPE indemnity will perform the same as the RP policy.