Adjusted Gross Revenue / AGR-Lite

The AGR product provides protection against low revenue due to unavoidable natural disasters and market fluctuation that occurs during the insurance year. Covered farm revenue consists of income from agricultural commodities produced on the farm. AGR uses a producer's historical IRS Schedule F Tax form information and annual farm reports as a base to provide a level of guaranteed revenue for the insurance period.

AGR Lite coverage is similar to AGR with the following exceptions, the producer must:
- Have less than $512,821 in approved gross income; coverage is limited to $250,000
- Have appropriate IRS tax forms available for the previous 5 consecutive years under the same tax entity (required in the event of a claim)
- Have no more than 50% of total revenue from commodities purchased for resale
- Have no more than 83.35% of total revenue from potatoes, and
- Provide a commodity profile report for the previous 2 years for producers selecting higher coverage levels at application time.

This information is intended for informational purposes only. Nothing contained herein can or should be interpreted to take precedence over policy language, Federal Crop Insurance Corporation/Risk Management Agency regulation, and Underwriting or Loss Adjustment rules.

Last Updated March 2011

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