CROPS FEED PEOPLE-Spring wheat in May
Raising Raising crops to feed people or animals is not like producing a widget in a controlled factory. The crop yield can be very unpredictable due to natural occurrences. Most commercial crops are now raised with insurance protection to provide stability from economic risk. The economic stability of farmer/rancher then helps provide some stability for the businesses that sell machines, fuel, fertilizer, repair parts and etc. There are 2 main types of Crop Insurance. Number (1) is called a Multi Peril Crop Insurance (MPCI). This insurance provides for a loss payment to be collected if the crop yield is less than a percentage of the typical or average crop. Multi Peril CropInsurance is available for the following crops in this area.- Wheat, Barley, Oats, Forage(alfalfa), Peas, Beans, Flax, Canola, Corn, Safflower, Sunflowers, Sugar Beets, and Rangeland.
Some of the policies can have features added to provide protection against falling market prices.
We have direct computer lines to the Crop Insurance Companies. We upload and download policy information directly. Our staff is well trained and experienced in crop insurance and attends Spring and Fall update classes. We provide our clients with a Spring and a Fall newsletter that provides information on crop insurance procedures, deadlines and new products.
We can help you design a crop insurance program that helps provide you with economic stability.
The number (2) is Crop Hail Insurance. A Hail Storm will turn a once in a lifetime bumper crop into a wreck that looks like a plowed field. This insurance coverage is generally added to a crop that is better than average and HAIL is the only probable risk that would keep someone from cashing the crop in. We have a solid competitive hail insurance insurance market that can help you lock in a profit. The policy will also protect your crop from a loss from a field fire.
