Crop Insurance & Risk Management

Manage Your Risk with Farm Credit

Crop insurance covers agriculture producers on two major sources of risk; Production and Price Risk. Our footprint is starting to see more fluctuation in weather than usual. Crop insurance will protect you when these weather events take a toll on your crop production, enabling you to recover faster. Policies cover loss due to adverse weather events, insects, disease, and wildlife. Aside from weather, crop insurance will also cover you when there is a loss in crop revenue due to price fluctuations. Having this coverage ensures a reliable level of cash flow and will allow more flexibility in your marketing plan. It also shows that even amid disaster, you still have repayment ability when applying for loans or lines of credit.

Crop Insurance Deadlines:

List of Crop Insurance Deadlines

What types of crop insurance are available for my operation?

We can offer you a diverse range of offerings to mix and match for your operation's needs. Contact or call us today at 888.339.3334 to speak with your local crop insurance agent!

Yield Protection
  • Provides protection against a loss in production below the predetermined guarantee. Producers may select from a variety of coverage levels to personalize their policy. The insurance yield is based on a policyholder's actual production history, which is the average yield obtained on the insured unit for four to ten consecutive years. If the average yield per acre is less than the yield guarantee, an indemnity is paid.
  • Additional coverage included: Prevented Planting, Replant Coverage
  • Coverage Levels: 50-85% (in 5% increments)
    • This information is for general purposes only and shall not modify the terms of any insurance policy. Please refer to policy information found in the actuarials for your commodity/plan type.
Revenue Protection
  • Provides protection against lost revenue caused by production loss, harvest price increase or decrease, or a combination of yield and price loss. The insurance yield is based on a policyholder's actual production history, which is the average yield obtained on the insured's units for four to ten consecutive years. The price is obtained from the CBOT. Guarantees for each unit and crop are set using a base price and your average yield. A loss is paid when the calculated revenue, which is determined using the harvest price and your actual harvested yield, which is less than the set Revenue Protection Guarantee.
  • Additional Coverage Included: Prevented Planting, Replant Coverage
  • Coverage level options: 50-85%
    • This information is for general purposes only and shall not modify the terms of any insurance policy. Please refer to policy information found in the actuarials for your commodity/plan type.
Dairy Revenue Protection (DRP)

Provides protection against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level. Click here to learn more about DRP pricing options, coverage levels, and more.

Pasture, Rangeland & Forage (PRF)

Provides protection against the risks of forage loss due to the lack of precipitation. Click here to learn more about PRF coverage, claims, and more.

Livestock Gross Margin (LGM)

Provides protection against the loss of gross margin (market value of livestock minus feeder cattle and feed costs) on cattle. Click here to learn more about LGM policies, insurance periods, and more. 

Livestock Risk Protection (LRP)

Provides you with a defense against declining livestock prices for fed cattle, feeder cattle, and swine. LRP is available all year long with no specific sales closing date.

Benefits of LRP include:

  • Guaranteed price. When the market prices go down, you're protected at your locked in price.
  • Any number of head can be covered.
  • Numerous endorsement period options to fit any type of operation.
  • Wide range of target weights.
  • Easy and fast indemnity payments.
  • Premium is subsidized by USDA.

    Click here to learn more about LRP coverage.

Crop Hail/Fire Insurance

Provides protection against partial or full hail damage to crops, even when the acres and loss of crop yield is less than the deductible of your federal crop insurance policy or your yield is not lowered enough for a revenue protection insurance policy.

Benefits include:

  • Protects profits.
  • Fosters grower confidence to do pre-harvest crop sales.
  • Protects the crop up to the full value.
  • Acre-by-Acre coverage will provide protection against isolated damage.
  • May be used as loan collateral.
  • Provide worry-free protection for tough times.
  • Can be purchased in addition to MPCI policy or alone.

Policy features with basic crop/hail coverage:

  • Hail protection
  • Fire protection - by lightning, equipment, third-party damage
  • Fire Department service charge coverage
  • Transit coverage
  • Reimbursement of replanting (most crops)

We offer a wide range of Crop-Hail plans from basic coverage to a wide variety of companion plans that are specific to each state. Crop-Hail can be purchased and attached anytime when the planted crop emerges to pre-harvest. Please contact your local Farm Credit agent to determine which available plan will best meet your risk management needs.

Whole Farm Revenue Protection

Provides risk management protection for all commodities on the farm under one insurance policy. Click here to learn more about coverage, eligibility, and more.

Perennial Crops, Nursery Crops, Vegetables, Oysters and Tobacco

Farm Credit has experienced agents and policies available for the specialty crops listed below.

  • Orchards
  • Vineyards
  • Vegetables for Processing and Fresh Market
  • Tobacco 
  • Nurseries
  • Greenhouse Crops
  • Shellfish (Oysters)

You can use the USDA's information by commodity search tool to find available policies. If you are producing any type of specialty crop, please don't hesitate to reach out to one of our agents and see what type of coverage is available in your area!

Crop Sales Closing Deadline - March 15th!

We wanted to make sure that we had enough to pay our bills and live, so we decided at that time to start dealing with crop insurance.

Bill Mason Ruthsburg, Maryland

Rain and Hail

RCIS

NAU Country