Multi-Peril Crop Insurance Products

Crop Insurance Date Tables

Yield Based Coverage:
  • Multi-Peril Crop Insurance
    Catastrophic Coverage
    Group Risk Plan
Revenue Insurance Plans:
  • Crop Revenue Coverage
    Revenue Assurance
    Income Protection
    Indexed Income Protection
    Group Risk Income Protect.
    Adjusted Gross Revenue
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.

CRC can be an effective risk management tool by providing farmers with an established revenue guarantee per acre. Farmers may more proactively market through the growing season when prices are usually higher, knowing that CRC provides the revenue guarantee to cover bushels committed in forward pricing their crop or when using other market options.

Income Protection (IP)
- The Income Protection (IP) program is designed to insure against reductions in gross income from below average yields and low harvest prices. Since the goal of the program is to protect revenue at the enterprise unit level, the insured unit is based on a county index of all acres of the crop in the county. This program is offered for select crops in a limited number of states.

Adjusted Gross Revenue Insurance (AGR)
- This pilot program provides an insurance safety net for producers growing crops without MPCI insurance coverage. Insures all agricultural commodities produced on a farm as well as products purchased for resale.