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Multi-Peril Crop Insurance (MPCI)

Multiple Peril Crop Insurance (MPCI) is a specialized agriculture insurance policy designed to safeguard farmers from various natural risks. These include drought, hail, and pest infestations, among others. A notable feature of MPCI is that the federal government, through the Federal Crop Insurance Corporation (FCIC), reinsures part of the risk, thus making it a cost-effective option for farmers.

MPCI policies offer protection against both reduced crop yields and price declines, depending on the specific type of policy selected by the insured. This flexibility ensures that producers can choose the coverage that best fits their needs, providing them with peace of mind in an unpredictable agricultural landscape.

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Crop Hail Insurance

MPCI (Multi-Peril Crop Insurance) provides a broad safety net against severe losses but may not cover specific risks like hail damage effectively. Hail events can be particularly damaging, often impacting only a portion of your field while leaving other areas intact. This selective destruction means that you might experience a loss that's below your MPCI deductible, ultimately leaving you to bear that financial burden alone.

When evaluating your risk of hail damage, consider whether you can sustain the financial hit from damages that may fall outside your MPCI coverage. Crop hail insurance provides targeted, per-acre protection tailored to your specific needs, allowing you to select coverage levels that align with your risk tolerance and financial planning. Investing in this coverage enhances your overall risk management strategy, ensuring that you have the appropriate safeguards in place when unpredictable weather strikes.

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Rainfall Policies

Rainfall Index insurance policies insure crop producers through plans including Pasture, Rangeland and Forage (PRF), Annual Forage (AF).

PRF policies are designed to help protect a producer’s operation from the risks of forage loss due to the lack of precipitation.

This is a rainfall index insurance policy that provides coverage on your pasture, rangeland, or forage acres grown for the intended use of grazing by livestock or haying. This program is designed to give producers the ability to buy insurance protection for losses of forage produced for grazing or harvested for hay, which result in increased costs for feed, destocking, depopulating, or other actions. The PRF program utilizes a rainfall index to determine precipitation for coverage purposes and does not measure production or loss of products themselves.

AF policies provide insurance coverage to acreage that is planted each year and used as feed and fodder by livestock.

This is a rainfall index insurance policy designed to protect against a lack of precipitation on annually planted forage crops. It utilizes a rainfall index, measuring local precipitation within a grid area, to trigger payouts when rainfall falls below a pre-determined coverage level. Producers can customize their coverage by selecting coverage levels, productivity factors, and two-month index intervals.

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Livestock (LRP)

Livestock Risk Protection (LRP) provides valuable financial protection against the potential decline in the projected market value of both cattle and swine over specified periods. This insurance program is highly customizable, enabling producers to choose the exact number of head they wish to cover, select the percentage of the future market value they want to protect, and determine the length of the coverage period that best fits their operation. This level of flexibility makes LRP a practical and effective risk management tool, specifically designed to accommodate a wide range of production practices and marketing strategies.