Actuarial Crop Insurance
and Economic Consulting

Services by Ag-Analytics®

CEO and Founder, Joshua Woodard, is an Expert Reviewer for the Federal Crop Insurance Corporation (FCIC) and has years’ experience in the development and creation of various Insurance products – many currently used in the market today, such as Dairy-RP and Trend APH.

  • We understand what it takes to develop and facilitate insurance products, and how we can add data into the equation for improved accuracy and insight.
  • New insurance development can strengthen agricultural data analysis to quantify the risk reduction benefits of conservation practices and secure long-term cost savings for the crop insurance program and higher coverage.

Dairy-RP

Dairy Revenue Protection (Dairy-RP) is designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level. The expected revenue is based on futures prices for milk and dairy commodities and the amount of covered milk production elected by the dairy producer. The covered milk production is indexed to the state or region where the dairy producer is located.

Trend APH

The Trend-Adjusted APH Yield Option adjusts yields in APH databases to reflect increases in yields through time in the county. Trend adjustments are made on each eligible yield within a qualifying APH database based on the county’s historical yield trend, which is provided in the county actuarial documents.

Ag-Analytics