Crop Insurance Solutions

Crop Insurance Products

Multi-Peril Crop Insurance Products

Multi-Peril Crop Insurance (MPCI) is provided by the Federal Crop Insurance Corporation (FCIC) and overseen by the United States Department of Agriculture Risk Management Agency (RMA). RMA sets the policies, rules, and regulations which are the same for all Approved Insurance Providers (AIPs). The agency also subsidizes premiums to make the purchase of crop insurance more affordable for producers. For more information about MPCI coverage including additional options and crop provisions you can visit Home | RMA (usda.gov).

Revenue Protection (RP)

Protect your crop from a loss of revenue caused by price fluctuation, low yields (caused by naturally occurring event), or a combination of both. Under this coverage your insurance guarantee is based off of your individual APH (actual production history) and the greater of the projected price or the harvest price for the crop (determined each year by the CBOT). Crops eligible for RP include barley, corn, grain sorghum, soybeans, and wheat. Policy also includes replant and prevented planting coverage.

Yield Protection (YP)

This coverage offers protection for your crop from a loss of yield due to unavoidable, naturally occurring events. Such events include but are not limited to adverse weather, fire, insects, plant disease, and wildlife. Under this coverage, your insurance guarantee is based off of your APH (actual production history) and the projected price (determined each year by the CBOT). The main crops that are eligible for this type of coverage are barley, corn, grain sorghum, soybeans, and wheat. Policy also includes replant and prevented planting coverage.

APH Policy

The APH (actual production history) policy offers protection against a loss of crop yield due to a natural disaster. This policy works very much the same as the YP option, however the price used to determine your insurance guarantee is set by the USDA Risk Management Agency (RMA). This type of policy is available for perennial crops including apples, blueberries, cranberries, grapes, and peaches and also for different vegetable crops including many processing vegetables depending upon location.

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Livestock Policies

Dairy Revenue Protection (DRP) - insures against unexpected decline in a quarterly revenue from milk sales. Coverage is based on the elected coverage level, the amount of milk production one decides to cover, and the futures prices for milk and dairy commodities.

Livestock Gross Margin (LGM)- covers the difference between the gross margin guarantee and the actual gross margin for cattle, dairy cattle, or swine.

Livestock Risk Protection (LRP) - insures against declining market prices. Coverage can be purchased year round with a new sales period occurring each day that the market is trading. Program is available for many types of livestock including cattle, feeder cattle, and swine.

Whole Farm Revenue Protection (WFRP)

This policy provides insurance for a farming operation against loss in revenue due to natural causes. The program can also offer carryover loss coverage when a producer is insured the following year. The policy covers the revenue you earn or expect to earn within the insurance period for all commodities you produce on the farm whether they are sold or not and any commodities that are purchased for resale during the insurance period except timber and forest products and animals raised for show, sport, or pets. It also includes replant coverage for annual crops. This program is tailored to farms with up to $17 million in insured revenue. There is a more simplified version of the program called micro-farm for farms with up to $350,000 in insured revenue.

Pasture, Rangeland, Forage (PRF)

This policy is a rainfall index policy. This policy is strictly based on the amount of precipitation in the locational grid that your ground is in. Producers select which intervals they would like to insure (these are measured in periods of two months). When the actual rainfall index falls below the average historical index for the insured grid and interval payments are made. All rainfall data is determined by the National Oceanic and Atmospheric Administration (NOAA). This policy does not utilize or provide coverage for the actual production of the producer, nor does it cover any other perils such as flood or hail. It is strictly based off the of rainfall amount determined for the location.

Crop-Hail Policies

Crop-Hail policies can be purchased on their own or in addition to a MPCI policy. If hail is a major concern for you, this policy can further close any gaps in risk left by your underlying MPCI policy. Whereas MPCI policies offer coverage by crop on a unit basis, crop-hail policies offer coverage on an acre-by-acre basis at the level you chose up to the value of the crop. Many crop-hail policies also offer coverage for perils not covered by MPCI policies including transportation coverage and even broader fire coverage. Also, they are available for a large variety of crops including fruits, vegetables, and specialty crops which may not be eligible for MPCI policies (with the exception of WFRP).

Crop-Hail policies are available through our insurance provider NAU Country, A QBE Insurance Company. Additional information is available on their website. Crop-Hail Products | NAU Country Insurance Company.

Already have crop insurance?

Transferring your policy is easy! We just need your current policy number for the application. Your policy information will be transferred from your current company to ours. Remember all crop insurance companies have the same premium rates.