Multi-Peril Crop Insurance Products
Yield Based Coverage:
| Revenue Insurance Plans:
|
Multi-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. REVENUE INSURANCE PLANS Crop Revenue Coverage (CRC) - Provides farmers with a revenue guarantee based on their approved 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. |