Adjusted Gross Revenue Insurance
| Type | Program |
|---|---|
| Sponsor Organization | U.S. 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