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There are many types of crop insurance programs
available. The most frequently used are:
Multiple Peril Crop
Insurance (MPCI)
MPCI is designed to protect farmers for loss of production below a predetermined
point, known as the guarantee, which is calculated using the farmer’s actual
production history. MPCI covers all insurable causes of loss that are stated in
each specified crops’ policy provisions. Some examples include: adverse weather
conditions (i.e., hail, wind, drought, excess moisture), fire, insects, plant
disease, wildlife (i.e., deer, bear, etc.), earthquakes, volcanic eruptions,
etc.
Crop Revenue Coverage (CRC)
CRC provides coverage for loss of production and for loss of revenue resulting
from fluctuating crop prices. CRC protects a grower’s loss of revenue resulting
from fluctuating crop prices and/or low yields. CRC guarantees a stated amount
of revenue.
Read more about insurance types and levels
of coverage, and review examples in our new
Crop Insurance Guide
or for more information,
contact us.
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