Autumn Mager
Crop Insurance. Grain Marketing. Government Programs. Risk Management
Autumn Mager
Crop Insurance. Grain Marketing. Government Programs. Risk Management
Products for your protection
Federal Multi-Peril Crop Insurance
(MPCI) is the most commonly used policy and includes a range of policy types and elections such as Revenue Protection (RP) Area Revenue Protection (ARP formerly known as GRIP or a county policy), Margin Protection (MP), Yield Protection (YP) and Whole-Farm Revenue Protection. Options and elections include the Harvest Price Exclusion, Enhanced Coverage Option (ECO), Supplemental Coverage Option (SCO), optional units, enterprise units, multi-county enterprise units, prevent plant coverage, replant coverage, and many more. MPCI protects farmers against loss of yield and/or price due to drought, flood, hail, fire, insects, and many other natural perils. Crops most commonly insured with MPCI in our area are corn, soybeans, wheat, and sorghum.
Crop Hail
Crop Hail can be used for protection against hail and wind. Additionally, perks include some transit coverage, fire coverage, and vandalism coverage. Your coverage is based on the dollar amount of coverage per acre/per crop that you choose.
Additional Private Products
Private products offered can change from year to year, but there are many options available to stack on top of your MPCI policy, allowing you to be in charge of which additional coverages you know are right for your farm.
Livestock Risk Protection
(LRP) provides protection against price declines in livestock such as cattle, swine, and lambs.
Dairy Revenue Policies
(DRP) provides protection against a decline in revenue (yield and/or price) on the milk produced from dairy cows on a quarterly basis.
Livestock Gross Margin
(LGM) provides protection against loss of gross margin (market value of livestock minus feed costs)
Pasture, Rangeland, & Forest
(PRF) protects against lack of rainfall on areas used for haying or grazing. Also known as Rainfall Index, the policy helps to counteract extra costs of feed, etc due to lack of rainfall.