Multi-Peril Coverage

Farmers face a volatile risk environment because of the rapidly changing business structure of agriculture, coupled with new technology and changing weather patterns. Changes in national farm policy means that farmers must assume more of their own farming risk. The Multi-Peril Crop Insurance Program is one of the farmer's best remaining safety nets. With federal incentives that significantly reduce premiums, crop insurance is one of the best buys producers can make. RCIS is committed to helping you manage risk through affordable crop insurance.

YIELD BASED PLAN = YP

Multi-Peril Crop Insurance (MPCI)
Provides protection against losses from a number of uncontrollable causes. MPCI is the most popular insurance coverage due to its flexibility in level and price.

Catastrophic (CAT)
Provides the minimum coverage amount on a MPCI policy. For a $100 fee, producers can buy a minimum insurance coverage based on 50% of the producing operation's average yield at 55% of the FCIC established prices.

Group Risk Plan (GRP)
Recommended for farmers whose yield history closely tracks the county or parish history because protection is based on the yield experience of the county rather than their individual farms.

REVENUE INSURANCE PLAN = RP

Provides farmers with a revenue guarantee based on their approved yield and current market price. Protects against losses resulting from a decrease in market price, a loss of production or combination of the these. While RP provides several advantages over traditional crop insurance policies, the real benefit comes when it is incorporated as an integral part of the producer's marketing plan.

RP can be an effective risk management tool by providing farmers with an established revenue guarantee per acre. Farmers may more proactively market through the growing season when prices are usually higher, knowing that RP provides the revenue guarantee to cover bushels committed in forward pricing their crop or when using other market options.

This program was expanded and is now available on more crops in more states and counties. This policy provides protection against revenue losses resulting from any combination of low market prices or low production yields.

Contact me to learn how to be get multi-peril coverage for your farm.