HOW DOES IT WORK?
RAMP® allows producers the opportunity to boost revenues at specific risk levels within their risk management plans. RAMP® supplements the insured’s MPCI coverage and is designed to help provide additional coverage when production and/or revenue losses are just over or under an insured’s MPCI guarantee.
RAMP® Yield (RY) is a plan that pays based on where the production to count (harvested bushels) falls within or below the selected coverage band.
RAMP® Revenue (RR) is a plan that pays based on where the harvest revenue falls within or below the selected coverage band.
Availability: RAMP® is available in select counties and select crops.
4 EASY STEPS TO RAMP® COVERAGE
1. Amount of Coverage
Decide how much coverage you need. Select coverage up to $150 per acre or a percentage of the MPCI price.
See state underwriting guide for more detail.
2. Policy Type
Choose RAMP® Yield (Bushel Loss protection only) or RAMP® Revenue (Bushel + Revenue Loss protection).
3. Band of Coverage
Select when your RAMP® band coverage begins and ends. This spread of coverage is a percentage of your MPCI APH or APH Revenue Guarantee (whichever applies).
Decide how fast you want to be paid. Select a higher percentage of your APH and a small bandwidth to protect the upper end of your APH, or select a lower percentage of your APH and a larger bandwidth to spread out your coverage and save money.
4. RAMP® Unit Structure
Choose between RAMP® Optional or RAMP® Enterprise. RAMP® unit structure does not need to match your MPCI policy units.
RAMP® Coverage Options:
If you have an MPCI RP or YP policy, you can add:
RAMP® Yield
RAMP® Yield with Enterprise Units
RAMP® Revenue
RAMP® Revenue with Enterprise Units
WHAT ARE THE BENEFITS?
- Select only the amount of protection your operation needs
- RAMP® unit structures can differ from your MPCI unit structures
- RAMP® coverage can begin before or at the same time as your MPCI Revenue Policy – you choose
- Choose a faster payout by selecting a smaller band of coverage
- Choose a slower payout by selecting a larger band of coverage
