Crop Insurance
If you are looking for a new crop insurance agent, our professionals are also licensed and approved to write your policy in house. Our agents take pride in being as dedicated to your crop insurance as you are to your crops. Give us a call to find out more about the benefits of having a crop insurance agent whose sole focus is on getting your policy right.
Multi-Peril Crop Insurance (MPCI)
Multi-peril crop insurance offers risk management solutions to agriculture producers. An MPCI policies insures a producer’s historical production and should be reviewed yearly to consider how it will work with the producer’s entire risk management program.
Crop Hail Insurance
Crop hail insurance offers a dollar amount of protection to insure the value of the crop that is left uncovered by MPCI. It is not subsidized like MPCI policies, but it can be customized to fit the producer’s wishes for coverage amount and acreage.
Livestock Risk Protection
Livestock risk protection (LRP) is an insurance policy used to guarantee a certain market price when a producer sells feeder cattle, fed cattle, sheep or swine. Though ownership may be maintained after the expiration date, the livestock may not be sold more than 30 days before the expiration date. It’s important to remember that the guarantee is not for the actual price received at the sale barn, but rather a percentage of the expected market value on or near sale date.
PRF/Forage
Pasture, rangeland, forage (PRF) policies are meant to protect ranchers from poor hay crops and pasture production resulting from abnormally low precipitation. There is no need to certify prior production or keep track of current production as indemnities are paid based on average rainfall in the area.
Forage production policies also protect ranchers from poor hay crops but include a wide variety of insurable losses. Like MPCI, forage production guarantees are based on prior production and an insured is required to track and submit production each year to build a database of prior yields. These policies do not offer any protection for pasture land.
Whole Farm Revenue Protection
Whole farm revenue protection (WFRP) policies were recently developed by the RMA to offer revenue protection to specialty crops with no revenue products currently available to them or producers who use alternative marketing strategies. The policy covers the entire revenue of the operation for a crop year and may be used in addition to underlying MPCI policies.
