Area Risk Protection Insurance
E511880
Area Risk Protection Insurance is a U.S. federal crop insurance product that provides revenue or yield protection based on county-level agricultural performance rather than individual farm results.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
area-based crop insurance
ⓘ
federal crop insurance product ⓘ |
| abbreviation | ARPI NERFINISHED ⓘ |
| administeredBy |
Risk Management Agency
NERFINISHED
ⓘ
United States Department of Agriculture ⓘ |
| advantage |
protection against widespread area losses
ⓘ
reduced administrative burden compared to individual policies ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| coverageBasis |
area revenue
ⓘ
area yield ⓘ county-level performance ⓘ |
| dataSourceForCoverage |
county revenue data
ⓘ
county yield data ⓘ |
| feature |
area-based loss measurement
ⓘ
does not require individual farm loss adjustment ⓘ uses county yield or revenue indices ⓘ |
| geographicUnit | county ⓘ |
| governingAgency | USDA Risk Management Agency NERFINISHED ⓘ |
| indemnityBasis |
county average revenue
ⓘ
county average yield ⓘ |
| insuranceLine | crop insurance ⓘ |
| limitation | basis risk between farm results and county averages ⓘ |
| lossMeasurementLevel | county level ⓘ |
| notBasedOn |
individual farm revenues
ⓘ
individual farm yields ⓘ |
| objective |
manage systemic area-wide agricultural risk
ⓘ
stabilize farm income at county level ⓘ |
| policyUnit | insured crop in a county ⓘ |
| premiumSubsidizedBy | federal government ⓘ |
| programType |
federal crop insurance program
ⓘ
publicly subsidized insurance ⓘ |
| providesProtectionType |
revenue protection
ⓘ
yield protection ⓘ |
| regulatoryFramework | Federal Crop Insurance Act NERFINISHED ⓘ |
| relatedTo |
Revenue Protection
ⓘ
Supplemental Coverage Option NERFINISHED ⓘ Yield Protection ⓘ federal crop insurance program ⓘ |
| riskCovered |
revenue shortfall
ⓘ
yield shortfall ⓘ |
| sector | agriculture ⓘ |
| targetUsers |
agricultural producers
ⓘ
farmers ⓘ |
| triggerCondition |
county average revenue falls below trigger level
ⓘ
county average yield falls below trigger level ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.