Adjusted Gross Revenue Insurance (or AGR Insurance) is a term used in United States federal

agricultural law Agricultural law, sometimes referred to as Ag Law, deals with such legal issues as agricultural infrastructure, seed, water, fertilizer, pesticide use, agricultural finance, agricultural labour, agricultural marketing, agricultural insurance, farmi ...

referring to a

revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

program implemented in 1999 as a

pilot program A pilot study, pilot project, pilot test, or pilot experiment is a small-scale preliminary study conducted to evaluate feasibility, duration, cost, adverse events, and improve upon the study design prior to performance of a full-scale research pro ...

by the

USDA The United States Department of Agriculture (USDA) is the federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. It aims to meet the needs of com ...

, which continues on a limited basis. It allows some farmers to receive a guarantee of a percentage of their revenue for multiple

commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a comm ...

, including some

livestock Livestock are the domesticated animals raised in an agricultural setting to provide labor and produce diversified products for consumption such as meat, eggs, milk, fur, leather, and wool. The term is sometimes used to refer solely to animals ...

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

* {{DEFAULTSORT:Adjusted Gross Revenue Insurance United States Department of Agriculture programs