Crop Insurance

 

Crop Insurance has become a very useful tool for farmers, to help manage the financial loss caused by the risk elements that are so common with planting, growing and harvesting crops.

 

Producers can now choose the configuration of their protection, either based on the market price with a starting base price and an ending harvest price (CRC and RA), or on a set price (MPCI and CAT). There also is a choice of how the unit structure is to be insured – basic unit, optional units or enterprise units. The choice of “level of coverage” also helps in customizing the protection to each individual producer’s need. Your actual production history on each unit also comes into play as to how much protection you have.

 

Several companies offer crop insurance; all are supervised by the Federal Crop Insurance Corporation, a branch of the Department of Agriculture, Washington, D.C. All offer the same price and regulations on the crop insurance. The only difference among any of the underwriting companies is the service given you by the agent / representatives, the claims adjusters, and the claims servicing office. We offer three independent companies for you to choose to carry your insurance.