Adjusted Gross Revenue-Lite (AGR-Lite) is a whole-farm,
revenue-protection plan of insurance. The plan provides
protection against low revenue due to unavoidable natural
disasters and market fluctuations that affect income during
the insurance year. Most farm-raised crops, animals, and
animal products are eligible for protection.
AGR-Lite can stand alone or be used in conjunction with
other Federal crop insurance plans, except Adjusted Gross
Revenue (AGR). When producers purchase both AGR-
Lite and other Federal crop insurance the AGR-Lite
premium will be reduced.
The AGR-Lite concept:
- Uses a producer's 5-year historical farm average
revenue as reported on the IRS tax return (Schedule F
or equivalent forms) and an annual farm report as a
base to provide a level of guaranteed revenue for the
- Provides insurance coverage for multiple agricultural
commodities in one insurance product; and
- Establishes revenue as a common denominator for the
insurance of all agricultural commodities.
Sales Closing Date: March 15.
Cancellation and Termination Date: January 31.
Contract Change Date: August 31.
Year of Insurance: For the application year, you will not
be covered for any losses that occur earlier than 10 days
after we receive your properly completed application. For
carry-over policies, any unavoidable natural disaster that
occurred during the previous or current insurance year is
Insurance Year: Defined as a calendar year in which the
sales closing date occurs and includes both calendar year
and fiscal year filings (corresponding to the producer’s IRS
Claims: Claims are settled after taxes are filed for the
AGR-Lite is available in: Alabama, Alaska (selected
counties), Arizona, Colorado, Connecticut, Delaware,
Florida, Georgia, Hawaii, Idaho, Illinois, Kansas, Maine,
Maryland, Massachusetts, Minnesota, Montana, Nevada,
New Hampshire, New Jersey, New