Do You Have Questions About Crop Insurance?
Article By: Mark Chilson
Is crop insurance a good idea? Do I need crop insurance? Is crop insurance worth it? What levels of crop insurance should I consider? These are all valid questions for the upcoming 2026 season. Read about the crop insurance benefits below and reach out to our Insurance Team for more information.
Multi-Peril Crop Insurance (MPCI) can provide a bushel and revenue guarantee for your farming operation. MPCI offers basic protection against the risk of production losses due to weather, wildlife damage, fire, or other catastrophes. It also has provisions for prevented planting and replanting costs. If Revenue Protection (RP) is taken as part of the MPCI policy, it gives you a revenue guarantee, as well as a production guarantee.
MPCI can be used by a farmer to gain approval for a crop loan. MPCI with RP provides guaranteed collateral for the crop loan and cashflow, a guaranteed revenue source to pay back the crop loan.
MPCI levels of coverage range from 50 to 85%. These levels of coverage are the basis for the guarantee of your past production history. Most farmers across the country choose between 70 to 80% level of coverage based on subsidy and cost levels.
MPCI is heavily subsidized by the U.S government, making it very affordable for a farmer to purchase. In most cases, the government subsidy is from 50 to 80% of the gross premium. For example: corn grown in Pepin County, WI with a 75% level of coverage and choosing enterprise units might experience a $12.67 net cost per acre for the farmer in 2025.
Nearly 90% of all the planted corn, soybeans, wheat, and cotton grown in the U.S has crop insurance coverage.
If you have questions about your crop insurance policy or are considering crop insurance for 2026, contact Mark Chilson, insurance sales manager, or Jody Ausen, insurance relationship manager, at Security Financial Bank.
Equal Opportunity Provider. Insurance products offered are: not a deposit, not insured by the FDIC or any federal government agency, not guaranteed by any financial institution, may lose value.
