ECO+ is an endorsement to your ECO policy that offers individual protection above the county protection of your underlying plan. ECO+ provides individual-based coverage if you, or both the county and you, experience a loss.
How Does it Work?
- Your ECO+ doesn’t have to follow ECO selection, option to choose Revenue or Yield protection
- Example: RP underlying policy with ECO revenue and ECO+ yield policy
- Available in two bands of coverage: 86%-90% or 86%-95%
- Option for different bands based on crop, practice, and/or ECO plan type
- Coverage must be elected by the sales closing date for your underlying policy
What Are the Benefits?
- Offers individual loss coverage on top of underlying plan
- ECO+ coverage matches the liability of your county ECO coverage
- ARC or PLC participation has no impact on eligibility
Downloads & Resources
Product Brochure View coverage information, guidelines, and details.
InsureCast Podcast Optimizing Coverage with SCO, ECO, and Plus Products
Additional Information
ECO+ is available throughout the FMH writing area for covered crops including corn and soybeans. Coverage for winter wheat is available in select states. Spring wheat is available for ND and SD; fall wheat in IL, IN, KS, MO, NE, OH and SD; and canola in ND. ECO+ is only offered with an Optional Unit structure.
Indemnity
Indemnities are determined after RMA provides Final Yields/Revenues the following summer, which is a similar process to SCO, MP, and ARPI. Producers will receive the higher of an ECO or ECO+ payment or a combination of
both.
- County loss only = possible ECO payment
- Individual loss only = possible ECO+ payment
- Both individual and county loss = possible payment from ECO and ECO+
ECO+™ Forward Plus
Add the ECO+ Forward Plus endorsement to your revenue or yield policy stack to secure coverage for higher fall prices if your liability, or Production to Count, falls below your ECO+ guarantee and the Harvest Price is higher than the MPCI Projected Price.
NEW! Band Stacking
Combine any RAMP, ECO+™ or SCO+™ products from FMH with new band stacking. This option allows you to secure any of these coverages together with a max overlap of 1%. For example, opt to secure a Revenue Protection policy at 75% coverage level with added ECO, ECO+ and RAMP policies.
Sample Calculation
| MPCI Coverage: 75% Revenue Protection | Production to Count: 15,000 bushels |
| Coverage Band: 90% - 86% | Approved Yield Revenue: $64,000 |
| Upper % of Coverage Band: 90% | MPCI Projected Price: $4.00 |
| Coverage Spread: 4% | MPCI Harvest Price: $3.50 |
| Acres: 80 | Share: 100% |
| Approved Yield: 200 bu./acre | ECO Indemnity: $500 |
Determine the Total Limit of Insurance | |
| 75% x $4.00 Projected Price x 4% Coverage Spread x 200 APH x 80 acres x 100% Share = $1,920 Total Limit of Insurance | |
Determine the Harvest Revenue | |
| 15,000 Production to Count x $3.50 Harvest Price = $52,500 Harvest Revenue | |
Determine the Loss Percentage | |
| 90% – [52,500 Harvest Revenue/$64,000 Approved Yield Revenue] =
7.97% Loss Percentage
(Cannot be greater than the coverage band spread so 4% is used instead) | |
Determine Payment Factor | |
| 4%/4% = 1.0000 Payment Factor | |
Calculate the ECO+ Indemnity | |
| $1,920/acre - $500 ECO Indemnity = $1,420 ECO+ Payment | |
* This sample is for example purposes only. Contact an FMH agent for full details.