Hudson Crop Insurance is a division of Hudson Insurance Group, specializing in agricultural risk management. It provides a broad range of crop and livestock insurance products to farmers across all 50 states.
The company aims to be a trusted partner by offering innovative private products, advanced technology, and exceptional customer service. Hudson Crop is part of the U.S. Insurance Division of Odyssey Group, which is owned by Fairfax Financial Holdings Limited.
They focus on efficiency, creativity, and fiscal responsibility while delivering tools like integrated mapping and quoting software to support farmers and agents. For more specific details, such as policy questions, they provide a contact number: (866) 450-1445, and their website is hudsoncrop.com.
Hudson Crop Insurance Coverage
Hudson Crop Insurance, part of Hudson Insurance Group, provides a range of crop and livestock insurance products across all 50 U.S. states. They focus on protecting farmers against revenue losses due to price or production drops, with options tailored to different agricultural sectors.
Coverage Details
The coverage options include:
- Dairy Revenue Protection (DRP): Protects against declines in milk sales revenue, with coverage levels from 80% to 95% and subsidies from 44% to 55%.
- Total Revenue Coverage 2.0 (TRC 2.0): A supplemental policy based on yield and market price, available for irrigated and non-irrigated farms, with a buy-up option if prices increase.
- Whole-Farm Revenue Protection (WFRP): Covers all commodities on the farm, suitable for farms up to $8.5 million in revenue, with coverage levels from 50% to 85% and subsidies up to 80%.
- Nursery Insurance: Covers field-grown or container nursery plants, with coverage levels from 50% to 75% and subsidies from 55% to 67%, subject to eligibility criteria.
These options ensure farmers have flexible protection, and the evidence leans toward Hudson offering comprehensive solutions for agricultural risk management.
Detailed Report on Hudson Crop Insurance Coverage
Hudson Crop Insurance, a division of Hudson Insurance Group under Odyssey Group and Fairfax Financial Holdings, specializes in agricultural risk management, offering a broad suite of crop and livestock insurance products to farmers across all 50 states. This report provides a comprehensive overview of the coverage options available, detailing their features, eligibility, and subsidies, based on the latest information as of April 1, 2025.
Coverage Options and Features
Hudson Crop Insurance provides several tailored coverage options, each designed to address specific agricultural risks. Below, we outline each type, including coverage levels, eligibility criteria, and premium subsidies where applicable.
- Dairy Revenue Protection (DRP)
- Description: DRP protects against declines in quarterly revenue from milk sales due to price or production drops. It allows farmers to select pricing options (Class III, Class IV, or component pricing like butterfat, protein, other solids) and insures a quarter of milk production, purchasable for one or up to five quarters.
- Coverage Levels: Available at 80% to 95%.
- Premium Subsidies:
Coverage Level Subsidy Rate 95% 44% 90% 44% 85% 49% 80% 55% - Eligibility: Available in all counties, all 50 states, and can be combined with Farm Service Agency’s Dairy Margin Coverage (DMC) per the 2018 Farm Bill. It allows other livestock policies for milk in the same crop year, but not for the same milk in the same months.
- Claims Process: Paid if actual revenue (based on post-RMA monthly prices and USDA production report) is below the guarantee. Sales are suspended on USDA report release days and can be paused for adverse market changes.
- Unexpected Detail: DRP’s daily pricing and ability to insure multiple quarters offer flexibility, which might be less known among farmers used to annual policies.
- Reference: For more details, visit the DRP page.
- Total Revenue Coverage 2.0 (TRC 2.0)
- Description: TRC 2.0 is a supplemental crop insurance policy providing a percentage guarantee based on approved yield, market price, and chosen coverage level. It addresses price volatility concerns, offering a firm revenue guarantee at signup.
- Coverage Levels: Specific levels not detailed in public data, but customizable based on yield and market price, with a buy-up option if commodity prices rise post-purchase.
- Eligibility: Available for irrigated farms, non-irrigated farms, and farms using both practices. Growers enter yield, ARC election, practices, coverage levels, and payment limits, finalized after acreage reporting.
- Claims Process: Not explicitly detailed, but as a supplemental policy, it likely triggers when revenue falls below the guarantee, similar to DRP.
- Unexpected Detail: The buy-up feature, allowing increased guarantees if prices rise, provides an adaptive layer not commonly found in standard crop insurance, potentially appealing to risk-averse farmers.
- Reference: For more details, visit the TRC 2.0 page.
- Whole-Farm Revenue Protection (WFRP)
- Description: WFRP provides a risk management safety net for all commodities on the farm under one policy, tailored for farms with up to $8.5 million in insured revenue, including specialty or organic commodities (crops and livestock), and those marketing to local, regional, farm-identity preserved, specialty, or direct markets. It protects against revenue loss due to unavoidable natural causes during the insurance period and offers carryover loss coverage if insured the following year.
- Coverage Levels: 50%–85% (in 5% increments).
- Premium Subsidies:
Coverage Level Basic Subsidy (1 Qualifying Commodity) Whole-Farm Subsidy (2 Qualifying Commodities) Whole-Farm Subsidy (3+ Qualifying Commodities) 50% 67% 80% 80% 55% 64% 80% 80% 60% 64% 80% 80% 65% 59% 80% 80% 70% 59% 80% 80% 75% 55% 80% 80% 80% N/A N/A 71% 85% N/A N/A 56% - Eligibility: Suitable for diverse farms, with no specific geographic restrictions mentioned, focusing on revenue-based protection.
- Claims Process: Likely triggered by revenue shortfalls, with details referred to USDA actuarial information for policy specifics.
- Unexpected Detail: The high subsidy rates for multiple commodities (up to 80%) could significantly reduce costs for diversified farms, which might be an attractive incentive.
- Reference: For policy details, refer to WFRP page and USDA actuarial browser (USDA Actuarial Information).
- Nursery Insurance
- Description: Covers field-grown or container nursery plants, protecting against losses due to natural causes, with specific eligibility criteria.
- Coverage Levels: 50%–75% (in 5% increments).
- Premium Subsidies:
Coverage 50% 55% 60% 65% 70% 75% Subsidy 67% 64% 64% 59% 59% 55% - Eligibility: Applies to plants on the Eligible Plant List and Plant Price Schedule (EPLPPS), with the nursery receiving at least 40% of gross income from wholesale marketing. Excludes plants in mixed containers or illegal to grow/sell locally, and stock plants grown solely for buds, flowers, or greenery.
- Claims Process: Not detailed, but likely follows standard crop insurance loss assessment, with policy specifics in USDA actuarial data.
- Unexpected Detail: The 40% wholesale income requirement and exclusions for mixed containers might limit eligibility for some nursery operations, which could be a consideration for potential policyholders.
- Reference: For more details, visit the Nursery Insurance page and USDA actuarial browser (USDA Actuarial Information).
Additional Notes
Several coverage options, such as WFRP and nursery insurance, reference USDA actuarial information, suggesting they are part of federally reinsured programs, but Hudson Crop Insurance acts as the provider, offering these through their platform. The mention of Crop Sense in recent updates (e.g., 2025 suite) seems to be a tool or suite for tailoring coverage, rather than a separate policy type, based on available data.
The coverage options cater to diverse agricultural needs, from dairy and crops to whole-farm and nursery operations, with subsidies reducing premium costs significantly, especially for diversified farms. This comprehensive approach ensures farmers have flexible protection against revenue risks, with detailed policy information available through Hudson’s website and USDA resources.
Hudson Crop Insurance Cost
Cost Factors
The cost depends on the specific policy, such as Dairy Revenue Protection, Whole-Farm Revenue Protection, or nursery insurance, each with different coverage levels and subsidy rates. For example, Dairy Revenue Protection has subsidies ranging from 44% to 55%, meaning farmers pay the remaining percentage after the subsidy. Exact costs are not publicly listed and require contacting Hudson for a personalized quote.
Getting a Quote
For specific cost information, farmers can call Hudson Crop Insurance at (866) 450-1445 or visit their website for more details Hudson Crop.
Detailed Report on Hudson Crop Insurance Costs
Hudson Crop Insurance, a division of Hudson Insurance Group under Odyssey Group and Fairfax Financial Holdings, specializes in agricultural risk management, offering a broad suite of crop and livestock insurance products to farmers across all 50 U.S. states. This report provides a comprehensive analysis of the costs associated with Hudson Crop Insurance, focusing on premium calculations, influencing factors, and subsidy structures, based on the latest information as of April 1, 2025.
Cost Overview and Influencing Factors
The cost of Hudson Crop Insurance varies significantly depending on several factors, including the type of coverage, coverage level, farm size, location, and federal subsidies. These policies are part of federally reinsured programs, often administered through the U.S. Department of Agriculture’s Risk Management Agency (RMA), which provides premium subsidies to reduce the farmer’s out-of-pocket expense. Research suggests that these subsidies are a critical component, with the 2022 GAO report indicating that of the federal crop insurance program’s total cost of $17.3 billion, about $12 billion was allocated to premium subsidies, highlighting their role in affordability.
The evidence leans toward costs being highly individualized, as they depend on farm-specific data such as yield history, commodity type, and risk assessment. For instance, the USDA’s continuous rating formula, introduced in 2000, tailors premiums to each producer’s risk, further customizing costs. This customization means exact premium rates are not publicly listed on Hudson’s website, and farmers are advised to contact Hudson directly for quotes.
Coverage Types and Associated Costs
Hudson offers several coverage options, each with different cost implications due to varying coverage levels and subsidy rates. Below, we detail the key coverage types and their cost-related features, based on available data:
- Dairy Revenue Protection (DRP)
- Description: DRP protects against declines in quarterly revenue from milk sales due to price or production drops, with pricing options like Class III, Class IV, or component pricing.
- Cost Factors: Premiums are influenced by coverage levels (80% to 95%) and subsidized by the federal government. Subsidies range from 44% to 55%, meaning farmers pay 56% to 44% of the premium, respectively. For example, at 95% coverage, the subsidy is 44%, so the farmer pays 56% of the premium.
- Unexpected Detail: The ability to insure multiple quarters with daily pricing offers flexibility, potentially affecting cost calculations based on chosen periods, which might be less known among farmers.
- Reference: For more details, visit the DRP page, though specific rates require a quote.
- Total Revenue Coverage 2.0 (TRC 2.0)
- Description: TRC 2.0 is a supplemental policy providing a revenue guarantee based on approved yield and market price, with a buy-up option if prices rise.
- Cost Factors: Costs depend on yield, market price, and chosen coverage level, with subsidies likely similar to other RMA programs, but specific rates were not found. The buy-up feature could increase premiums if exercised, adding a layer of cost variability.
- Reference: For more details, visit the TRC 2.0 page, though exact costs require contacting Hudson.
- Whole-Farm Revenue Protection (WFRP)
- Description: WFRP covers all commodities on the farm, suitable for farms up to $8.5 million in revenue, with coverage levels from 50% to 85%.
- Cost Factors: Premium subsidies range from 56% to 80%, depending on coverage level and number of qualifying commodities (see table below for details). For example, at 50% coverage with three or more commodities, the subsidy is 80%, so the farmer pays 20% of the premium.
- Table: WFRP Subsidy Rates
Coverage Level Basic Subsidy (1 Qualifying Commodity) Whole-Farm Subsidy (2 Qualifying Commodities) Whole-Farm Subsidy (3+ Qualifying Commodities) 50% 67% 80% 80% 55% 64% 80% 80% 60% 64% 80% 80% 65% 59% 80% 80% 70% 59% 80% 80% 75% 55% 80% 80% 80% N/A N/A 71% 85% N/A N/A 56% - Unexpected Detail: The high subsidy rates for diversified farms (up to 80%) could significantly reduce costs, which might be an attractive incentive for farmers with multiple commodities, potentially less emphasized in marketing.
- Reference: For policy details, refer to WFRP page and USDA actuarial browser (USDA Actuarial Information).
- Nursery Insurance
- Description: Covers field-grown or container nursery plants, with coverage levels from 50% to 75%.
- Cost Factors: Subsidies range from 55% to 67%, depending on coverage level (see table below). For example, at 50% coverage, the subsidy is 67%, so the farmer pays 33% of the premium.
- Table: Nursery Insurance Subsidy Rates
Coverage 50% 55% 60% 65% 70% 75% Subsidy 67% 64% 64% 59% 59% 55% - Unexpected Detail: The 40% wholesale income requirement for eligibility might limit cost benefits for some nursery operations, which could be a consideration for potential policyholders, potentially overlooked in cost discussions.
- Reference: For more details, visit the Nursery Insurance page and USDA actuarial browser (USDA Actuarial Information).
Additional Cost Considerations
Several coverage options reference USDA actuarial information, suggesting they are part of federally reinsured programs, but Hudson Crop Insurance acts as the provider, offering these through their platform. The mention of tools like the Hudson Crop LRP Quoter for Livestock Risk Protection indicates 24-hour access to up-to-the-minute quotes, with daily premium rates posted online, though specific examples were not found in the search. This suggests costs for LRP may fluctuate daily, adding another layer of variability.
The 2022 GAO report (web:7, first search) provides context, noting federal costs of $17.3 billion, with $12 billion in premium subsidies and $3.7 billion to private insurers for administrative and operating expenses, which indirectly affects Hudson’s cost structure. However, specific Hudson premium rates were not detailed, reinforcing the need for individualized quotes.
Getting a Personalized Quote
Given the complexity and customization, exact costs cannot be determined without farm-specific data. Farmers are advised to contact Hudson Crop Insurance directly for a personalized quote. The contact number provided is (866) 450-1445, and additional information can be found on their website Hudson Crop. The USDA’s Cost Estimator (USDA Cost Estimator) offers general premium estimates but refers users to agents for specific policy details, valid as of March 31, 2025.
Hudson Crop Insurance Exclusions
Key Points
- Research suggests Hudson Crop Insurance exclusions vary by policy, with specific exclusions for Dairy Revenue Protection and nursery insurance.
- It seems likely that general exclusions follow USDA Risk Management Agency standards, potentially excluding individual farm losses if the county doesn’t have losses.
Dairy Revenue Protection Exclusions
Hudson Crop Insurance’s Dairy Revenue Protection (DRP) has exclusions such as not selling policies on days when USDA releases Milk Production, Dairy Products, and Cold Storage reports, like April 4, 22, and 24, 2025. It also excludes covering the same milk in the same months if other livestock policies are in place for the same crop year.
Nursery Insurance Exclusions
For nursery insurance, exclusions include plants grown in mixed containers, those illegal to grow or sell locally, stock plants, and plants grown solely for buds, flowers, or greenery.
General Exclusions
The evidence leans toward Hudson’s policies, being RMA-based, potentially excluding coverage for individual farm losses if the county does not experience similar losses, based on standard Area Risk Protection Insurance practices.
Hudson Crop Insurance Exclusions: A Comprehensive Analysis
Hudson Crop Insurance, a division of Hudson Insurance Group under Odyssey Group and Fairfax Financial Holdings, offers a range of crop and livestock insurance products to farmers across all 50 U.S. states. This report provides a detailed examination of the exclusions associated with their policies, focusing on specific coverage types and general Risk Management Agency (RMA) standards, as of April 1, 2025. The analysis is based on available data from Hudson’s website and USDA resources, ensuring a thorough understanding for agricultural producers and stakeholders.
Policy-Specific Exclusions
Hudson Crop Insurance’s exclusions vary by policy type, reflecting the diverse needs of farmers. Below, we detail the exclusions for key coverage options, starting with Dairy Revenue Protection (DRP) and nursery insurance, where specific information was found.
Dairy Revenue Protection (DRP) Exclusions
Dairy Revenue Protection (DRP) is designed to protect against declines in quarterly revenue from milk sales due to price or production drops. The policy has specific exclusions that limit its availability and coverage:
- Sales Suspension on USDA Report Days: DRP will not be sold on days when the USDA releases monthly Milk Production, Dairy Products, and Cold Storage reports. For 2025, these dates include April 4 (NASS Dairy Products, all day), April 22 (NASS Milk Production, all day), and April 24 (NASS Cold Storage, all day). This exclusion ensures pricing stability during significant market updates, potentially affecting farmers’ ability to purchase coverage on these days.
- Overlap with Other Livestock Policies: DRP cannot cover the same milk in the same months if the insured has other livestock policies covering milk for the same crop year. This prevents double coverage, which might be an unexpected detail for farmers managing multiple insurance types, as it requires careful coordination.
For more details, refer to the DRP page on Hudson’s website (Dairy Revenue Protection Details Hudson Crop).
Nursery Insurance Exclusions
Nursery insurance covers field-grown or container nursery plants, but certain plants are explicitly excluded:
- Mixed Containers: Plants grown in containers containing two or more different genera, species, subspecies, varieties, or cultivars are not insured. This exclusion ensures clarity in coverage for homogeneous plant groups, which might be less obvious to nursery operators with diverse inventories.
- Illegal Plants: Any plant classified by a state or county as illegal to grow or sell in the county where the nursery is located is excluded, aligning with local regulations and potentially affecting urban or specialty growers.
- Stock Plants: Plants grown as stock plants, typically for propagation, are not covered, which might surprise farmers using nurseries for breeding purposes.
- Plants for Buds, Flowers, or Greenery: Plants grown solely for harvest of buds, flowers, or greenery are excluded, focusing coverage on plants intended for sale as whole plants rather than cut products.
These exclusions are critical for eligibility, with the policy requiring at least 40% of gross income from wholesale marketing, which might further limit coverage for some operations. For policy details, refer to the nursery insurance page (Nursery Insurance Coverage Details Hudson Crop) and USDA actuarial information (USDA Actuarial Information Browser for Policy Details).
General Exclusions and RMA Standards
Hudson Crop Insurance operates under RMA standards, as part of federally reinsured programs, suggesting that general exclusions align with USDA guidelines. While specific exclusions for all Hudson policies were not fully detailed on their website, research into RMA insurance plans provides insight:
- Area Risk Protection Insurance (ARPI) and Group Risk Plan (GRP) Implications: These plans, which Hudson may offer, imply exclusions where individual farm revenues and yields are not considered. For instance, if a farm experiences low yields but the county does not suffer similar yield loss, no indemnity is paid. This means individual farm losses might be excluded if county-level data does not trigger coverage, which could be significant for farmers in mixed-risk areas.
- Standard Crop Insurance Exclusions: Based on RMA practices, general exclusions often include losses due to neglect, intentional damage, or events not covered by the policy, such as economic factors beyond natural causes. However, exact details for Hudson’s policies require referencing individual policy documents, which are typically available through USDA actuarial data.
This alignment with RMA standards suggests that Hudson’s exclusions follow a broader framework, potentially affecting farmers differently based on geographic and commodity-specific risks. For general RMA insurance plans, refer to the RMA insurance plans page (Insurance Plans | Risk Management Agency).
Table: Summary of Key Exclusions by Policy Type
| Policy Type | Key Exclusions |
|---|---|
| Dairy Revenue Protection (DRP) | Not sold on USDA report release days (e.g., April 4, 22, 24, 2025); cannot cover same milk in same months with other livestock policies. |
| Nursery Insurance | Excludes mixed containers, illegal plants, stock plants, and plants grown solely for buds/flowers/greenery. |
| General RMA-Based Policies | Likely excludes individual farm losses if county does not experience similar losses (ARPI/GRP implication). |
Conclusion
Hudson Crop Insurance’s exclusions are policy-specific and tied to RMA standards, with clear exclusions for DRP and nursery insurance, and likely general exclusions based on county-level risk assessments. Farmers should consult Hudson directly at (866) 450-1445 or visit their website for personalized policy details, especially for other coverage types like Total Revenue Coverage 2.0, where specific exclusions were not found in this analysis.