Actual Production History Plan (APH) is a commonly used term for the original yield-based crop insurance coverage. This plan is also widely known as “Multi-Peril” crop insurance. This plan sets a minimum production guarantee for a crop operation by financially replacing the production shortfall at a specified indemnity price. The production shortfall must be due to one of a broad range of insured causes.
Prevented planting and reimbursement for replanting are included in APH coverage, when certain qualifications are met. Crops planted late are covered at reduced guarantees.
APH’s production guarantee is set before planting time so you can use it in your cash flow and financial planning for the crop season. APH also provides production security that allows you to extend your crop marketing into the growing season. It effectively gives you the flexibility to utilize various marketing strategies and tools that can enhance your bottom line.
Today’s APH has been a cost-effective tool for farmers for over twenty years. More and more farmers have grown to rely on its simple easy-to-understand coverage.