Reducing Risk With Crop Insurance
Agriculture is a risky business. In an industry where one catastrophic year could wipe out five years of profit, most farmers wouldn’t think of operating without some form of crop insurance.
That’s where crop insurance comes in handy. This ag-focused insurance reduces risk and protects investments, assures lenders that producers have sufficient economic security to repay loans, and provides producers the safety to take advantage of market opportunities.
Let our experienced agents help you form the best risk management plan for wheat, grain sorghum, corn, soybeans, potatoes, sesame, peanuts and many other crops.
Multi-Peril Crop Insurance
Customize coverage for your operation with the many types and levels of protection available through Multi-Peril Crop Insurance (MPCI), also known as Catastrophic Coverage Insurance (CAT). Our knowledgeable agents are backed by the best underwriters available.
Crop Hail Insurance
Crop hail prices are very competitive. We compare agencies so our policyholders have the best price, product and service for their operations’ needs. Receive coverage within two hours when you call during business hours, or at midnight when you call after hours.
Get An Insurance Quote
Our insurance specialists understand the specifics of ag operations and rural life. Connect with a Texas Farm Credit insurance expert near you to learn how you can protect against risks to your way of life.
Who Is Eligible For Crop Insurance?
All of the USDA-authorized crop insurance companies are required to offer policies to any eligible farmer, rancher, or grower, as well as to anyone with 10% or more interest in that particular agricultural operation.
Below are answers to questions we get the most about crop insurance. With the right information and the help of our dedicated insurance specialists, opting for a policy can be one of the best decisions you make for your operations!
What Crop Insurance Covers
Crop insurance is purchased to protect producers against a loss of production and/or revenue from their crops due to natural disasters or the decline in commodity prices. Multi-peril crop insurance covers crop losses caused by natural events, such as destructive weather, disease, drought, fire, insect or wildlife damage, and flooding, just to name a few!
Crop Insurance Cost
Producer premium will vary from crop to crop, county by county, and year to year. Premiums are also influenced by coverage level, selected endorsements, and commodity prices. It is important that beginning farmers use an experienced agent to identify what their risk-management needs are and how best to mitigate and protect themselves from that risk as best as possible.
How Crop Insurance Is Calculated
Crop insurance liability is calculated by multiplying the per-acre guarantee of the crop by the price and the farmer’s share.
How Crop Insurance Pays Out
An indemnity would be due if a producer’s production falls below their guarantee or they have a loss in guaranteed revenue (if a revenue protection policy is in place). To learn more about the payout structure, connect with one of our experienced insurance specialists below.
