Multi-Peril Crop Insurance (MPCI)
Individual Coverage Plans
Coverage levels = 50% to 85%, 5% increments
Yield Protection
- Protection against a loss in yield due to unavoidable, naturally occurring events.
- Adverse weather
- Fire
- Insects
- Plant Disease
- Wildlife
- Earthquate
- Volcanic Eruption
- Failure of Irrigation water supply due to a naturally occurring event.
- Guarantees a production yield based on the individual producers APH (Actual Production History).
- Projected (Base) Price is used to determine the yield protection guarantee, premium, replant payment, prevented planting payment, and value of the production to count.
- Crops: barley, canola, corn, cotton, grain sorghum, rice, soybeans, sunflower, wheat
- Covers loss in yield, cheaper than Revenue Protection
Revenue Protection
- Protection against a loss of revenue caused by price increase or decrease, low yields or a combination of both.
- Guarantees an amount based on the individual producer’s APH and the greater of the projected price or harvest price.
- Projected price is used to calculate premium, replant payment or prevented planting payment.
- Indemnity Due when calculated revenue (production x harvest price) is less than the revenue protection guarantee for the crop acreage.
- Crops: Barley, canola, corn, cotton, grain sorghum, rice, soybeans, sunflower, wheat
- Covers the most benefits for the $. Yield and Price protection.
- Prices are determined by the Commodity Exchange Price Provisions.
Revenue Protection with Harvest Price Exclusion
- Protection against a loss of revenue caused by a price decrease, low yields or a combination of both.
- Guarantee is based off of the projected price only and does not increase based on a higher harvest price.
- Crops: Barley, canola, corn, cotton, grain sorghum, rice, soybeans, sunflower, wheat
- Slightly cheaper than Revenue Protection. Use when you are sure that the harvest price is going to be less than the projected price.
- Prices are determined by the Commodity Exchange Price Provisions.
Whole Farm Revenue Protection
- Protection for all commodities on the farm under one insurance policy against unavoidable natural causes during insurance period.
- Protection against loss of revenue that a producer expects to earn or will obtain from commodities produced or purchase for resale, including animals and animal products during the insurance period.
- Does not include timber, forest/forest products, animals for show, sport or pets.
- Insured revenue is based on: coverage level x the lower of:
- Completed whole farm history report (5 consecutive years of tax revenue report (schedule F)) or
- Insured revenue from production of commodities during the current insurance period as reported by Farm Operation Report
- Loss occurs: when the Allowable Revenue (what is reported to IRS) from the production of commodities produced during the insurance period, falls below the Insured Revenue.
- Must have at least 2 commodities.
- 8.5 million dollar cap on insured revenue.
Santa Fe Ag Crop Insurance
104 E. 1st Street - Suite D
Hillsboro, KS 67063
Jamie Peters: 620-877-7159
jamiewpeters@gmail.com
Todd Hein: 620-382-5432
Don Peterson: 620-767-6191
This agency is an equal opportunity provider.