Revenue Protection Insurance in Illinois

Yield Protection (YP) only covers production losses and pays at the projected price. Revenue Protection (RP) covers both yield losses and price declines, and includes harvest price replacement. RP has slightly higher premiums but provides much broader protection. Over 80% of Illinois farmers choose RP because the additional cost is modest compared to the extra coverage it provides.

The projected price is based on the average daily settlement price of the relevant futures contract during a discovery period set by the USDA. For Illinois corn and soybeans, this is typically the average of February CBOT futures prices. The harvest price is determined using October or November futures. These prices are set by the market, not by your agent or carrier.

Harvest price replacement is a unique RP feature. If the harvest price ends up higher than the projected price, your revenue guarantee is recalculated using the higher harvest price. If you suffer a yield loss when prices are high, your indemnity reflects the higher market value of the lost production. This feature is included at no extra cost with RP in Illinois.

Revenue Protection is available at coverage levels from 50% to 85% in 5% increments in Illinois. Higher coverage levels provide a larger revenue guarantee but come with higher premiums. The federal government subsidizes a portion at every level. Most Illinois farmers choose between 75% and 85% coverage depending on their risk tolerance and budget.

Yes. Illinois farmers can add SCO (Supplemental Coverage Option) to cover the gap from their individual RP level up to 86% of county revenue on PLC acres. ECO (Enhanced Coverage Option) extends coverage from 86% to 90% or 95% and works with both ARC-CO and PLC acres. Together with RP, they create the maximum crop insurance coverage stack available in Illinois.

RP-HPE is a lower-cost alternative that works the same as standard RP but does not include the harvest price replacement feature. Your revenue guarantee is always based on the projected price, never the harvest price. RP-HPE premiums are lower, but you lose the upside protection. Most Brawner clients in Illinois choose standard RP because the additional cost for harvest price replacement is typically modest.