Multi-Peril Crop Insurance
Over 90% of producers carry a Federal Multi-Peril Crop Insurance (MPCI) policy. MPCI coverage is available for over 120 different crops, though not all crops are covered in all areas.
Most plans are set up to protect farmers from losses of revenue due to decreasing commodity prices, yield losses, or a combination of both.
Crop Insurance provides protection from naturally occurring perils including-
- Excessive Moisture
- Plant Disease
- Insect Damage
- Failure of Irrigation Water Supply
- And more
Federal Crop Insurance also pays farmers if they have to replant acres or have prevented planting acres that they can't get planting in a timely fashion.