Adjusted Gross Revenue (AGR)
The Adjusted Gross Revenue (AGR) pilot provides
protection against low revenue due to unavoidable natural
disasters and market fluctuations that occur during the
insurance year. Covered farm revenue consists of income
from agricultural commodities, including incidental
amounts of income from animals and animal products and
aquaculture reared in a controlled environment.
The AGR concept:
- Uses a producer's historical IRS tax form (Schedule F
or equivalent forms) information and an annual farm
report as a base to provide a level of guaranteed
revenue for the insurance period;
- Provides insurance coverage for multiple agricultural
commodities in one insurance product;
- Establishes revenue as a common denominator for the
production of all agricultural commodities; and
- Reinforces program credibility by using IRS tax forms
and regulations to alleviate compliance concerns.
For more information, see our AGR Fact Sheet, or contact Griffin Schnitzler.
*This amendment modifies the provisions of the Adjusted Gross Revenue (AGR) and Adjusted Gross Revenue-Lite (AGR-Lite) Policies for the 2010 and succeeding insurance years.