"Adjusted Growth Revenue" (AGR) insurance protects revenues of the producer. However, instead of insuring the revenue of just one crop, AGR insures the revenue of the entire farm. The products that can be protected include all agricultural yields, as well as livestock and aquaculture products. This form of insurance is only available in selected counties in 10 states and state-wide in eight others. The basis of the coverage will be the producer’s historical Internal Revenue Service (IRS) tax form and an annual farm report. The percentage of coverage and the rate of the premium will also depend on the number of commodities produced.
What is "adjusted growth revenue" insurance?
About Swier Law Firm's Agricultural Law Practice Group
Swier Law Firm's Agricultural Law Practice Group handles the following types of agricultural law issues:
- Crop Insurance Disputes
- Business Planning
- Clean Air Act
- Environmental Law
- Estate Planning
- Real Estate
- Water Law
- Preparing, Revising and Updating Farm Operation Governance and Compliance Materials, including Bylaws, Committee Charters, and Compliance Policies.
Take a look at our valuable agricultural law books and articles. Our materials are full of tips and advice. All materials are written by the law firm's nationally recognized agricultural law attorneys and provide detailed South Dakota-specific information designed to help anyone with agricultural law issues. You can request your free copy by clicking on the book cover below.