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Multi Peril Crop Insurance

MPCI

Multi Peril Crop Insurance products, offer customizable coverage options that cater to the unique needs and risks of each farming operation. Understanding that no two farms are alike, Agrowise provides a tailored approach to risk management, ensuring that our clients have the precise level of protection they require. Our commitment to supporting the agricultural community is reflected in our streamlined claims process, facilitated by our team of knowledgeable agents who are always ready to assist. This personalized service ensures that, in the event of a claim, the process is as smooth and stress-free as possible, allowing farmers to focus on what they do best.

Country Field
Crop Field Aerial Shot

Yield Protection

Yield Protection (YP) and Actual Production History (APH) are comprehensive multi-peril crop insurance products designed to safeguard against yield losses due to a wide range of natural disasters. Coverage typically includes protection from drought, excess moisture, cold and frost, wind, flood, and unavoidable damage from insects and disease, depending on the crop. These products offer a yield guarantee based on a producer’s actual production history. If the actual production (Production to Count) falls below the Yield Guarantee, an indemnity is paid to cover the shortfall.

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How Does It Work?

  • Both plans establish a guarantee of bushels per acre.

  • YP Projected Price is determined in accordance with Commodity Exchange Price Provisions (CEPP), and APH price is established by the Federal Crop Insurance Corporation (FCIC).

  • Both plans pay an indemnity if the Production to Count falls below the Yield Guarantee.

Revenue Protection

Revenue Protection (RP) and Revenue Protection with Harvest Price Exclusion (RP-HPE) are comprehensive multi-peril crop insurance products that protect against risks from both production losses and price fluctuations. These policies utilize prices from the Commodity Exchange Price Provisions (CEPP). RP sets the loss guarantee using the greater value between the Projected Price or the Harvest Price, providing coverage for both decreasing and rising prices. On the other hand, RP-HPE offers similar coverage but calculates the loss guarantee solely using the Projected Price.

 

How Does It Work?

  • Both plans establish a minimum guarantee of revenue per acre.

  • To determine the Revenue Guarantee, RP will use the greater of the Projected Price or Harvest Price. RP-HPE will use only the Projected Price.

  • For both plans, the indemnity payment is determined using the Harvest Price.

  • If Revenue to Count is less than final Revenue Guarantee, an indemnity is paid.

Wheat Crop

POLICY OPTIONS:

Enhanced Coverage Option

ECO

Supplemental Coverage Option

SCO

Replant Buy Up

Stacked Income Protection

STAX

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