Multiple Peril Crop Insurance

Multi-peril crop insurance policy can protect your farm's cropping operation from a wide range of perils, such as drought, excess moisture, insects, disease, and more. This crop insurance can provide revenue protection against losses due to both lower yields and/or price decreases. These premiums are highly subsidized by the Federal government and are very affordable.

We offer both individual plans, as well as area plans.

Individual Plans: Individual Plans are based upon an individual yield loss and, in some plans, a decline in price, due to a wide range of perils. Individual Plans include:

• Yield Protection (YP)
• Revenue Protection (RP)
• Revenue Protection with Harvest Price Exclusion (RP HPE)
• Actual Production History (APH)
• Actual Revenue History (ARH)

Area Plans: Area Plans are insurance plans that provide coverage based on the experience of an entire area, generally a county. These plans include:

• Area Revenue Protection (ARP)
• Area Revenue Protection with Harvest Price Exclusion (ARP HPE)
• Area Yield Protection (AYP)

MPCI SPRING CROPS (SUCH AS CORN, SOYBEANS, OATS, AND FORAGE SEEDING)

• Sales Deadline - March 15
• Production Reporting Date - April 29
• Acreage Reporting Date - July 15
• Premium Billing Date - August 15 for cash discount, otherwise October 1

Forage Production Insurance

Protect an established stand of alfalfa, alfalfa/grass mixture or red clover against yield loss due to adverse weather, including winter kill, fire, wildlife damage, plant disease or insect damage.

MPCI SPRING CROPS (SUCH AS CORN, SOYBEANS, OATS, AND FORAGE SEEDING)

• Sales Deadline - March 15
• Production Reporting Date - April 29
• Acreage Reporting Date - July 15
• Premium Billing Date - August 15 for cash discount, otherwise October 1

MPCI FALL CROPS (SUCH AS FORAGE PRODUCTION)

• Sales deadline - September 30

Crop-Hail Insurance

Hail damage can be devastating and can happen at any time and without warning. Crop-hail insurance protects your crops against losses from hail, certain fire, and transportation on an acre-by-acre basis at the level you choose up to the value of the crop. It can cover some of the gaps left in your MPCI policy.

We offer products from basic, no deductible, crop-hail coverage to an array of deductible coverages.

• Sales Deadline - No specific date, but no later than midnight prior to the day hail occurs
• Premium Due Date - August 15 for cash discount, otherwise October 30

Rainfall Index Insurance

Rainfall Index policies include pasture, rangeland, and forage (PRF), annual forage (AF), and apiculture (API). RI plans are group policies, meaning individual losses are not covered. The index associated with your crop and grid determines your indemnity.

Rainfall PRF covers pasture, rangeland, or forage for perennial haying and/or grazing purposes. It was designed to help protect a producer's operation from the risks of forage loss due to the lack of precipitation. PRF is available in all counties in the 48 contiguous states. Noncontiguous acreage in a grid must establish a point of reference by intended use (grazing or haying), irrigation practice, and organic practice.

The PRF sales closing and acreage reporting date is November 15

Whole Farm Revenue Protection (WFRP) Insurance

WFRP provides a risk management safety net for all commodities on the farm under one insurance policy. This insurance plan is tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty, or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets. The amount of revenue that can be covered with a WFRP insurance policy is the lower of the revenue expected on your current year's farm plan or the five-year historic income adjusted for growth.

WFRP insurance provides coverage against the loss of revenue that you expect to earn or will obtain from commodities you produce or purchase for resale during the insurance period under your one insurance policy.

Margin Protection (MP) Insurance

MP is an area-based insurance plan that provides coverage against an unexpected decrease in operating margin (revenue less input costs), caused by reduced county yields, reduced commodity prices, increased prices of certain inputs, or any combination of these perils. Since Margin Protection is area-based (average for a county), an individual farm may have a decrease in its margin but may not receive an indemnity or vice-versa.

Forward Contract Insurance

Protect your crop from the beginning! With Forward Contract Insurance Protection (FCIP), you'll be able to take advantage of the market conditions as they happen.

FCIP provides an indemnity to you in the event you're not able to deliver contracted bushels insured under an MPCI crop insurance policy. It fills a void, offering protection for you if you have signed forward contracts, but are then exposed to penalties for non-delivery on those contracts.

FCIP allows you the opportunity to price your commodity when you can turn a profit. You will be able to lock into daily prices versus waiting for an average monthly price. You will feel confident in knowing you have the needed protection in case you're not able to deliver your commodity due to an insured cause of loss! Proactively ensure your opportunity by making a decision immediately on pricing versus insuring against the possibility of a loss. FCIP will ensure you the opportunity to market for success.

Enhance Coverage Option

Enhanced Coverage Option (ECO) is an area based supplemental shallow loss coverage that offers bands of coverage from 86% up to 90% or from 86% up to 95%. ECO can trigger a loss payment with only a 5% loss in revenue or yield (depending on the underlying MPCI coverage plan).

ECO is not tied to any FSA Farm Program.

ECO must be elected by the spring sales closing date of March 15.

ECO is Federally subsidized - 44% subsidy rate for revenue plans, & 51% subsidy rate for yield plans.