Multi Peril Crop Insurance

Hail Insurance

 

 

 

Agency

  • Barley
  • Blueberries
  • Canola
  • Corn
  • Cotton
  • Grain Sorghum
  • Oats
  • Peanuts
  • Soybeans
  • Tobacco
  • Wheat

 

Protecting todays farmers for tomorrows risks.

Insurance against

 

  • Adverse weather conditions such as drought, excess precipitation, wind, freeze, etc
  • Fire
  • Insects
  • Disease
  • Wildlife
  • Irrigation failure
  • Acts of God (Earthquake, Volcano, Hurricane, etc)

 

 

 

 

 

 

REQUEST A FREE QUOTE NOW BY CALLING 800 807 3339

Crop Insurance is purchased by agricultural producers, farmers, and others to protect themselves against either a loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities. The two general categories of crop insurance are called crop-yield insurance and crop-revenue insurance.

 

Crop Yield Insurance

 Yield Protection insures producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease. The farmer selects the amount of average yield he or she wishes to insure from 50 to 85 percent. The farmer also selects the percent of the predicted price he or she wants to insure between 55 and 100 per cent. The projected price is determined in accordance with the Commodity Exchange Price Provisions and is based on daily settlement prices for certain futures contracts. If the harvested plus any appraised production is less than the yield insured, the farmer is paid an indemnity based on the difference. Indemnities are calculated by multiplying this difference by the insured percentage of the projected price selected when crop insurance was purchased and by the insured share.

 

Crop Revenue Insurance

Revenue Protection insures producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease and revenue losses caused by a change in the harvest price from the projected price. The farmer selects the amount of average yield he or she wishes to insure from 50 to 85 per cent. The projected price and the harvest price are 100 per cent of the amounts determined in accordance with the Commodity Exchange Price Provisions and are based on daily settlement prices for certain futures contracts. The amount of insurance protection is based on the greater of the projected price or the harvest price. If the harvested plus any appraised production multiplied by the harvest price is less than the amount of insurance protection, the farmer is paid an indemnity based on the difference.

 

 

 

Crop Insurance Basics

  • Hail Insurance
  • Barn Coverage
  • Grain Fire
  • On farm grain storage

property insurance
business insurance
specialty insurance

Speciality Insurance

Crop Insurance

Commodity Prices

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