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Division of Marketing and Development
Florida Department of Agriculture and Consumer Services
Mayo Building, M-9
407 South Calhoun Street
Tallahassee, FL 32399-0800
(850) 617-7300

Florida Department of Agriculture and Consumer Services
Adam H. Putnam, Commissioner

Adjusted Gross Revenue-Lite (AGR-Lite) Insurance

Your whole farm revenue protection package

How many years of profits does it take to recover from one year of low revenue? With an adjusted gross revenue policy, it is possible to protect your income against low revenue due to market fluctuations and natural disasters.

Adjusted Gross Revenue-Lite

AGR-Lite is a whole-farm revenue protection package, protecting your operation against low revenue due to unavoidable natural disasters and market fluctuations that affect income generated from agricultural commodities produced during the insurance year.

AGR-Lite is available to operations with gross income up to $2,051,282. Policy size is limited to $1,000,000.

Most farm-raised crops, animals, and animal products are eligible for protection, including many commodities not individually covered under other insurance plans. The AGR-Lite program is based on your five-year farm average revenue as reported to the IRS and on your current yearís farm plan.

AGR-Lite can be purchased as a stand alone product, or with other crop insurance plans including Multi-Peril Crop Insurance.

You may want to consider an AGR-Lite plan if you:
-- Want Whole Farm Insurance to protect the bottom line for your operation from severe economic loss.
-- Want umbrella protection over selected individual crop coverage.
-- Have a diversified operation that includes organic farming practices and/or direct marketed production.
-- Produce commodities not covered under traditional crop insurance policies.

AGR-Lite Timeline

Sales Closing Date: March 15 is the enrollment date for new applicants. Policy change and the cancellation dates for all policies is January 31.

Year of Insurance: For the year of application, you will not be covered for any losses that occur earlier than 10 days after the company receives your properly completed application.

Insurance Year: A calendar year if you file your taxes on a calendar year basis. A fiscal year if you file your taxes on a fiscal year basis.

Revenue and Expenses Report Filing Deadline: March 15 for new applications. January 31 deadline applies for renewal policies to complete a farm report.

Beginning Inventory Report Filing Deadline: Must be filed by the end of the first month for calendar of fiscal year to correspond with insuredís IRS tax year.

Claims: Claims are settled after taxes are filed for the insurance year.

Available Coverage

65% coverage level with 75% or 90% payment rate

75% coverage level with 75% or 90% payment rate

80% coverage level with 75% or 90% payment rate. To qualify for the 80% coverage level, you must produce a minimum of 3 commodities as determined by the premium calculator, located on the RMA website.

Coverage Choices and Maximum Income Levels to Qualify

Coverage Level/Payment Rate AGR Allowable Income Revenue Coverage
65/75 $2,051,282 $1,000,000
65/90 $1,709,402 $1,000,000
75/75 $1,777,778 $1,000,000
75/90 $1,481,481 $1,000,000
80/75 $1,666,667 $1,000,000
80/90 $1,388,889 $1,000,000

Producer has reported revenue under schedule F, IRS 1040 (or equivalent) for a minimum of 5 years. The average adjusted gross revenue is $1,000,000 and the producer grows multiple crops, but at least 3 qualify with enough adjusted revenue for the 80/90 coverage. That means after the producerís tax return is filed and claim is settled, they would be paid 90 cents of every dollar under $800,000 of adjusted gross revenue. The producer would insure their income would not file below $720,000.

Where to Purchase

See your local crop insurance agent. All Federal Multi-Peril Crop Insurance, including catastrophic and revenue coverage insurance policies, are available from private insurance agents. A list of crop insurance agents is available at all USDA Service Centers or at the RMA web site:

Related Brochures and Publications

Download the AGR-Lite Brochure (PDF)

Links to Related Web Sites

Visit the USDA Risk Management Agency Web Site
Visit the University of Florida IFAS Extension Small Farms Web Site

Related Visual Productions

Watch the September 2007 FDACS Risk Management Workshop PowerPoint

Contact Us

Contact Us About Adjusted Gross Revenue-Lite (AGR-Lite) Insurance

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