Gibson Insurance Group

The Risk Management Specialist

MULTI – PERIL CROP INSURANCE

Multi-peril Crop Insurance (MPCI) is a valuable risk management tool that protects producers against yield and revenue losses. Your policy is based on your actual production making it tailored to the direct needs of your operation. Crop insurance can reduce income variability year to year while providing a strong financial footing in case of a disaster.

By selecting the best coverage level for your operation you can maximize the benefits of crop insurance. Knowing your APH can help you determine what is a good fit. Once prices are set you can
determine you guarantees, making
management decisions easier.

  • Actual Production History (APH)– A producer’s actual yield history per crop in a county. Used as the baseline for your coverage.

  • Coverage Level– The percentage of coverage a producer insures ranging from 55% to 85%

  • Projected Price– Coverage price set before planting. This is your initial per bushel coverage price.

  • Harvest Price– Another coverage price set during harvest used to determine potential losses.

  • Guarantee per Acre– Figured by multiplying the coverage level by your APH then by the higher of the Projected Price or Harvest Price.

 

The benefit of a Revenue Protection Crop Insurance Policy is you are insuring losses from both yield and price. By combining these two Revenue Protection gives producers the best per acre coverage because it protects their bottom line.

  • Protects yield based on each producer’s history making the policy specifically tailored to their needs
  • Protects price using two discovery periods (Projected & Harvest). Revenue protection protects from a market decline while taking advantage of an upward market. Your policy guarantees you the higher of the two prices.

There are many other added benefits included with a Revenue Protection policy such as replant and prevent plant. There are other private products that can be added to enhance your policy. To learn more about those products please contact our office.

MPCI premiums are partially subsidized. Premiums and coverage only attach to planted acres.
MPCI policies must be in place by March 15 for corn, soybeans, or grain sorghum and by September 30 for wheat and barley.

Thank you for your interest in US

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Office Hours: Open 8am to 5pm Monday thru Friday.