Risk Management
(580) 934-2431    -    (800) 567-2431     -    (580) 273-8885 cell     -     (580) 934-2073 fax

 

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Options for Your Risk Management

Yield Based Coverage

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Multi-Peril Crop Insurance

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Catastrophic Coverage

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Group Risk Plan

Revenue Insurance Plans

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Revenue Protection

 

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Crop Hail

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Grain Fire

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Pasture, Rangeland, & Forage (PRF)

YIELD BASED COVERAGE

Muti-Peril Crop Insurance (MPCI) - provides protection against losses from a number of uncontrollable causes. 

Catastrophic (CAT) - Provides the minimum coverage amount on a MPCI policy.  For a $300 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.

Group Risk Plan (GRP) - Recommended for farmers whose yield history closely tracks the county or parish history because protection is based on the yield experience of the county rather than their individual farms.

REVENUE INSURANCE PLANS

Revenue Protection (RP) - Available for selected states and crops, this policy provides protection against revenue losses resulting from any combination of low market prices or low production yields.  RP is available in certain states.  Ask your agent about availability in your area.

 

CROP HAIL OVERVIEW:

You know that five minutes of hail can wipe out an entire years income.  The Crop Hail policy through our agency provides protection against loss to the crop from hail.  This policy supplements the coverage provided by an MPCI policy.  Crop Hail provides coverage on an acre by acre basis.  

MPCI policyholders in some states have an additional option to purchase a Companion Hail policy that works with the Multi-Peril Crop Insurance (MPCI) policy for quicker pay-out on hail losses. 

Crop Hail Auto-Crop through our agency offers the convenience of allowing the Crop Hail policy to be completed based on the MPCI acreage report for the crop.  With Crop Hail Auto-Crop, your Crop Hail coverage becomes a continuous policy that remains in effect until it is canceled.  Simply review your insurance per acre coverage and policy form each year and if there are no changes, no other paperwork is required.  

Grain Fire - Protects an un-harvested crop against loss due to fire or lightning.  Also covers transit losses.

PRF - Insures producers against lack of rainfall for a specific grid area.

 

GRAIN FIRE OVERVIEW:

Protects an un-harvested crop against loss due to fire or lightning.  Also covers transit losses.

 

PASTURE, RANGELAND, & FORAGE (PRF):

Insures producers rangeland and pasture against lack of rainfall for a specific grid area and interval.  It is federally subsidized 50%.  Not available in all states and counties. 

 

For More Information Contact:

Midwest Crop Protection Services
401 Texas, PO Box 186, Gate, OK 73844
Tel: 800-567-2431
FAX: 580-934-2073
Internet:  gmill@mwcp.net    


Copyright 2015 Midwest Crop Protection Services