Crop Insurance – MPCI and PRF
CIH offers insurance protection for your crop business against unexpected drops in yields and lack of rainfall. Our consultative approach to crop insurance means we work closely with you to find the right coverage to insulate you from volatility, uncertainty and margin compression.
Multi Peril Crop Insurance (MPCI)
MPCI policies are crop insurance plans managed by the Federal Crop Insurance Corporation (FCIC) and USDA Risk Management Agency (RMA). They are administered by Approved Insurance Providers (AIPs) and have federally subsidized premiums for farmers and ranchers. Coverage options are the same across AIPs, including pricing.
Multi-peril covers yield losses from natural causes: excess precipitation, drought, insect damage, plant disease, hail, wind, flooding, frost, wildlife, tornado and fire. Losses can be caused by one or any combination to qualify. It also protects from lower prices.
Pasture, Rangeland, and Forage Insurance (PRF)
PRF Insurance is a subsidized insurance plan designed to offset the cost of rising feed expenses due to lack of precipitation. The policy is area based and measures deviation from annual rainfall. We also use historical rainfall patterns to help optimize coverage windows.
