Our Policies

Multi-Peril Crop Insurance (MPCI) is the common name given to crop coverage provided through the Federal Crop Insurance Corporation (FCIC). Most MPCI products protect against crop yield losses by allowing participating producers to insure a certain percentage of historical crop production.

Revenue Protection (RP) policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease as well as revenue losses caused by a change in the harvest price from the projected price. The farmer selects the amount of the average yield they intend to insure—typically 50-75 percent (some areas up to 85 percent). The amount of insurance protection is based on the greater of the projected price or the harvest price.

Crop-Hail is essential to a farmer’s risk management plan because of hails’ unique ability to decimate a significant part of a planted field while leaving the rest undamaged, and therefore may not trigger an indemnity through MPCI coverage.

Big CountryCrop offers a large variety of Crop-Hail products to ensure there is something that will fit into every farmer’s risk management plan including options from basic, no deductible, Crop-Hail coverage to an array of deductible coverages. Crop and peril-specific coverages are available, as well as specialized plans such as the Companion Plan and Production Plan hail insurance, in select regions. We also offer EASYhail, hail coverages that attach to an MPCI plan of insurance and are continuous from year to year, making the process relatively easy.

Yield Protection (YP) policies insure farmers in the same manner as APH policies, the difference being a projected price is used to determine coverage. The producer selects the percent of the projected price they want to insure—between 55 and 100 percent. Producers can protect themselves against production losses due to a decrease in yield with YP.

It’s only a matter of time, that this issue will affect the livelihoods of farmers and ranchers across our region. That’s why these rainfall index programs that became a part of the federal crop insurance world in 2014 have garnered so much attention. By utilizing either the Pasture, Rangeland and Forage program or the Annual Forage program, you will no longer worry about what you’ll do come the next drought. You will not be waiting on payments for months to years .

Pasture, Rangeland, Forage (PRF) insurance insures against lack of rainfall for perennial grazing or hayable acres. In part, the program was designed to help ranchers pay feed bills during periods of below average rainfall. These rainfall programs are designed to pay you more money in claims than it costs you in premiums.

NOAA has maintained a regionalized grid of both average and recorded rainfall since 1948. Claims occur when recorded rainfall falls below the historical average, as measured in up to eleven, two-month periods throughout the year. These claims are generally calculated and paid within 65 days of the end of each two-month period. This immediate relief helps cover increasing feed costs throughout the year.