CROP HAIL INSURANCE

We offer a full array of risk management techniques to help protect your farming exposures. We have five products backed and regulated by the Federal Government and one written through the private insurance sector.

Two of our Government products are designed to help against a loss in yield due to nearly all natural causes. These two products will guarantee a yield based on your individual production in the past. If the production count you produce this year is less than the yield guarantee, you may be entitled to a loss payment.

We also have two products backed by the Federal Government designed to protect against a loss of revenue caused by low prices, low yields, or a combination of both. These products work off prices established in the spring and then again at harvest time. You will be assigned a guarantee and if the prices or yields cause you to miss the established guarantee you could be entitled to a loss payment.

The final product that we have backed by the Federal Government is designed to help protect against a loss in revenue on your cattle and hog operations. This product is designed to indemnify producers if prices drop below the predetermined coverage price. You pick your policy term from 13 to 52 weeks. This is a market-based program. The coverage levels and policy premiums are derived from the indicative pricing at the Chicago Mercantile Exchange.

We also offer a product for your crop insurance needs that is offered by the private insurance sector and not backed or regulated by the Federal Government. This product is known as Crop Hail and designed to provide protection for losses to growing crops directly resulting from hail or fire exposures. This product is unique as the farmer selects the type of coverage and desired amount of coverage per acre. In the event of loss, the percent of loss is applied to the amount of coverage.