Adjusted Gross Revenue Insurance: Difference between revisions
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|ProgramName=Adjusted Gross Revenue Insurance | |ProgramName=Adjusted Gross Revenue Insurance | ||
|ProgramType=Program | |ProgramType=Program | ||
|OrgSponsor= | |OrgSponsor=Department of Agriculture | ||
|TopOrganization=Department of Agriculture | |||
|CreationLegislation=Federal Crop Insurance Reform Act of 1994 | |CreationLegislation=Federal Crop Insurance Reform Act of 1994 | ||
|Historic=No | |||
|Mission=Adjusted Gross Revenue Insurance provides whole-farm revenue protection for producers by covering a percentage of the farm's revenue, based on historical tax records, for multiple commodities including some livestock. It aims to offer a safety net for diversified farming operations against losses due to revenue decline. | |Mission=Adjusted Gross Revenue Insurance provides whole-farm revenue protection for producers by covering a percentage of the farm's revenue, based on historical tax records, for multiple commodities including some livestock. It aims to offer a safety net for diversified farming operations against losses due to revenue decline. | ||
}} | }} | ||
'''Adjusted Gross Revenue Insurance''' (or '''AGR Insurance''') is a term used in United States federal [[agricultural law]] referring to a [[revenue]] [[insurance]] program implemented in 1999 as a [[pilot program]] by the [[USDA]], which continues on a limited basis. It allows some farmers to receive a guarantee of a percentage of their revenue for multiple [[commodities]], including some [[livestock]] revenue, rather than just the revenue from an individual commodity. | '''Adjusted Gross Revenue Insurance''' (or '''AGR Insurance''') is a term used in United States federal [[agricultural law]] referring to a [[revenue]] [[insurance]] program implemented in 1999 as a [[pilot program]] by the [[USDA]], which continues on a limited basis. It allows some farmers to receive a guarantee of a percentage of their revenue for multiple [[commodities]], including some [[livestock]] revenue, rather than just the revenue from an individual commodity. | ||
Revision as of 00:45, 7 February 2025
Stored: Adjusted Gross Revenue Insurance
| Type | Program |
|---|---|
| Sponsor Organization | Department of Agriculture |
| Top Organization | Department of Agriculture |
| Creation Legislation | Federal Crop Insurance Reform Act of 1994 |
| Website | N/A |
| Purpose | |
| Program Start | |
| Initial Funding | |
| Duration | |
| Historic | No |
Adjusted Gross Revenue Insurance (or AGR Insurance) is a term used in United States federal agricultural law referring to a revenue insurance program implemented in 1999 as a pilot program by the USDA, which continues on a limited basis. It allows some farmers to receive a guarantee of a percentage of their revenue for multiple commodities, including some livestock revenue, rather than just the revenue from an individual commodity.
Adjusted Gross Revenue AGR-Lite is similar to the AGR insurance program described above, except that AGR-Lite is available to smaller farmers (income below $512,821 and liability below $250,000). Where the basic AGR program limits eligible livestock coverage to 35% of expected allowable income, AGR-Lite contains no limitations to the proportion of livestock income.
References
This article incorporates public domain material from Jasper Womach, Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition, Congressional Research Service, http://ncseonline.org/nle/crsreports/05jun/97-905.pdf