When the Farm Service Agency stopped selling crop insurance in 1997, it became necessary for farmers to rely on private insurance companies for their crop insurance needs. Who better to fill that need than an agricultural expert like Farm Credit?
We have full-time crop insurance agents who have years of policy writing experience. They don't want to just be your agent, they want to be a consultant on your team.
- Why Buy Crop Insurance?
Crop insurance is a risk management tool that is used to put a safety net under cash income. When production is low or damaging weather such as floods, drought, hail or wind storms come along, it could be devastating to your crop. Crop insurance protects farmers so that they can financially meet both their personal and business obligations — it helps to ensure farm business survival.
- How Much Does Crop Insurance Cost?
Through our multiple insurance providers, our agents have access to systems that allow you to compare several coverage levels to pick the one that best suits your farm operation. As with any insurance, the cost is relevant to the size of the underlying risk. Our crop insurance agents are up to date on all policy options and they can help save you money in premiums.
- How Do I Sign Up?
Simply give us a call at 800-919-FARM (3276) to talk with your loan officer today. Our agents will help you understand which products are available in your county, and the important features of each product.
Types of Crop Insurance
Yield Protection (YP) - Provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils. Check with your agent about current coverage levels. YP provides late planting, prevented planting, and replanting protection.
Revenue Protection (RP) - Provides comprehensive protection that covers weather-related, and other certain unavoidable causes of loss and price fluctuations. RP provides the same coverage as YP with the addition of price protection.
Additional Coverages Available
- Livestock Gross Margin (LGM)
- Livestock Risk Protection (LRP)
- Pasture, Rangeland & Forage (PRF)
- Supplemental Coverage Option (SCO)
- Crop hail policies
- Coverage for organic crops, orchards, vineyards, nurseries, processing, and/or fresh market vegetables, tobacco, etc.