What is "adjusted growth revenue" insurance?

 

"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.