Multiple Peril (MPCI) |
Multiple Peril Crop Insurance (MPCI) provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils. Coverage is available on over 76 crops in primary production areas throughout the U.S. at 50 to 75 percent (up to 85 percent in certain counties) of the actual production history (APH) for the farm. An indemnity price election from 60 to 100 percent of the Federal Crop Insurance Corporation expected market price is selected at the time of purchase. MPCI coverage provides protection against low yields, poor quality, late planting, replanting costs and prevented planting (coverages vary based upon geographic location and crop). An MPCI policy is now known as an APH policy also.
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| Crop Revenue Coverage (CRC) |
Crop Revenue Coverage (CRC) provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils as well as providing protection from fluctuation in commodity prices. Coverage is available on numerous crops in primary production areas throughout the U.S. at 50 to 75 percent (up to 85 percent in certain counties) of the revenue guarantee for the farm.
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| Group Risk Protection (GRP) |
GRP uses a county index as the basis for determining a loss. When the county yield for the insured crop, as determined by the National Agricultural Statistics Service (NASS), falls below the trigger level chosen by the farmer, an indemnity is paid. Payments are not based on the individual farmer's loss records. Yield levels are available for up to 90 percent of the expected county yield. Individual crop losses may not be covered if the county yield does not suffer a similar level of loss. This type of insurance is most often selected by farmers whose crop losses typically follow the county pattern.
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| Hail Coverage |
Crop hail insurance provides a variety of products to add additional coverage to your farm. Crop Hail is basically a separate, add-on policy that protects your crop from the damages of a hail storm over and above your normal MPCI or CRC policy.
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| Yield Adjustment |
Yield Adjustment is used to erase very poor yields from your APH. If you have the YA option any yield in your database that is less than 60% of the county average is replaced with a number equal to 60% of the county average; which increases your APH.
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| Preventive Planting Plus |
In the event of a preventive planting claim PP+ increases your preventive planting payment by 5-10%.
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| Services |
Actuarial Changes
Unit Division Options
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| Livestock Gross Margin (LGM) |
Livestock Gross Margin (LGM) for Cattle Insurance Policy provides protection against the loss of gross margin (market value of livestock minus feeder cattle and feed costs) on feeder (yearling and calf) cattle. LGM covers the difference between the gross margin guarantee and the actual gross margin at the end of the 11-month insurance period. LGM does not insure against death, loss or any other loss or damage to the producer's cattle.
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| Livestock Risk Protection (LRP) |
Livestock Revenue Protection (LRP) provides revenue protection from a price decline during the policy coverage period. The protection from low prices is based on the Agricultural Marketing Service Five Area Weekly Weighted Average Direct Slaughter Cattle Report and CME Live Cattle Futures. The policy does not protect against other perils such as mortality, disease, or any other cause of loss.
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| Pasture, Rangeland & Forage (PRF) |
Livestock producers may purchase insurance protection for losses of forage produced for grazing or harvested for hay. The insuranceprograms are based on a rainfall index. The rainfall index programs are based on protecting the income potential of an insured plot. Producers are not required to insure all their acres. They may elect to insure only those acres that are important to their grazing program or hay operation and do not have to insure the acreage for the entire crop year. The crop year is divided into 2-month intervals. Producers may elect to insure their acreage only for those intervals when the
risk of low rainfall is the greatest.
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