Page 56 - GrapevineMarApr 2022

Around The Vineyard

How is Your Crop Insurance?

By: Trevor Troyer, VP, Agricultural Risk Management
H work? What type of policy is Grape Crop you a lower premium for the same coverage, it is
ow does your crop insurance policy
false.
Insurance? How much do you need to
know? I mentioned a little about grape crop insur- Your agent will work with you to set up individual
ance in the last article in the Grape Vine. I am going databases for each variety. If you have vineyards in
to go into the policy information and how it is set different locations, you can often times set them
up in this one. up separately. This can be good when you have a
claim. You might have a loss in one location but not
Grape crop insurance is an Actual Production the other. You don’t want your production co-min-
History (APH) policy. This means it uses a vineyard’s gled, as you may not have a payable loss at that
historical production to determine how much is point.
covered. Basically, you are covering an average of
your tons per variety. Since crop insurance is sub- The databases can go back up to 10 years, if you
sidized the insurable varieties, prices per ton, pre- have the production. Minimally 4 years is needed
miums are set by the USDA. This also means that to set up an APH database. If the vines have just
there is no difference from one insurance company become insurable then a Transitional Yield (T-Yield),
to the next. If anyone represents that they can get based on the county and variety, can be used to fill

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