Yield Based Coverage

• Multi-Peril Crop Insurance

• Catastrophic Coverage

• Group Risk Plan

Revenue Insurance Plans

• Crop Revenue Coverage

• Revenue Assurance

Crop Hail

Muti-Peril Crop Insurance (MPCI) - provides protection against losses from a number of uncontrollable causes.  MPCI is the most popular insurance coverage due to its flexibility in level and price.

Catastrophic (CAT) - Provides the minimum coverage amount on a MPCI policy.  For a $100 fee, producers can buy a minimum insurance coverage based on 50% of the producing operation's average yield at 55% of the FCIC established prices.

Group Risk Plan (GRP) - Recommended for farmers whose yield history closely tracks the county or parish history because protection is based on the yield experience of the county rather than their individual farms.

REVENUE INSURANCE PLANS

Crop Revenue Coverage (CRC) - Provides farmers with a revenue guarantee based on their approves yield and current market price.  Protects against losses resulting from a decrease in market price, a loss of production or combination of these.  While CRC provides several advantages over traditional crop insurance policies, the real benefit comes when it is incorporated as an integral part of the producer's marketing plan.

CRC can be an effective risk management tool by providing farmers with an established revenue guarantee per acre.  Farmers may more proactively market through the growing season when prices are usually higher, knowing that CRC provides the revenue guarantee to cover bushels committed in forward pricing their crop or when using other market options.

Revenue Assurance (RA) - Available for selected states and crops, this policy provides protection against revenue losses resulting from any combination of low market prices or low production yields.  RA is available in certain states.  Ask your agent about availability in your area.

You know that five minutes of hail can wipe out an entire years income.  The Crop Hail policy through our agency provides protection against loss to the crop from hail.  This policy supplements the coverage provided by an MPCI policy.  Crop Hail provides coverage on an acre by acre basis.  

MPCI policyholders in some states have an additional option to purchase a Companion Hail policy that works with the Muti-Peril Crop Insurance (MPCI) policy for quicker pay-out on hail losses. 

Crop Hail Auto-Crop through our agency offers the convencience of allowing the Crop Hail policy to be completed based on the MPCI acreage report for the crop.  With Crop Hail Auto-Crop, your Crop Hail coverage becomes a continuous policy that remains in effect until it is canceled.  Simply review your insurance per acre coverage and policy form each year and if there are no changes, no other paperwork is required.  

Grain Fire - Protects an un-harvested crop against loss due to fire or lightning.  Also covers transit losses.

Terms to Remember

• Short Rate - Pay 40% of the full premium since you were insured from the time the wheat was sown until the short rate date published for your county.

• Termination Date - If  Spring Crop premium is unpaid by March 15, then the insured will not be eligible for coverage the next year.

• Continuous Policy - A policy remains active until canceled in writing by the insured.  The policy will remain at the same level each year unless coverage level is changed on a new application by Sales Closing Date.