** Multi-peril crop insurance (MPCI) covers crop losses caused by natural events. **
* You can elect coverage ranging from 50% up to 85% in 5% increments.
* Your farms are set up in units. Each farm within a section that has the same shareholders is considered a unit. If you have multiple units, you may set up optional units, basic units, or enterprise units. If you have irrigated and non-irrigated land, you may qualify to separate them as different units. Multi County Enterprise unit only applies if you farm in 2 counties
Multi-County Enterprise Unit
This is when you farm in two separate counties but only one county qualifies for EU. You are able to combine the two counties so it is all under the EU structure.
An affordable policy that extends some of the planting window and pays on top of the MPCI claim
Late Plant Option
This plan pays when a production loss is not paid due to the reduction in guarantee on late planted acres. Available on corn and soybeans.
Added Price Option – yield coverage
An appealing complement to EU crops, this policy protects each guaranteed MPCI bushel at a small price at the OU level for corn, soybeans, wheat, and sugar beets.
Added Revenue Price Option – revenue coverage
Add some revenue protection on top of your MPCI guarantee bushels with this option for corn, soybeans, and wheat. Will follow your MPCI unit structure unless you opt for OU.
Revenue Price Protection
Similar to ARPO, RPP adds revenue on top of your MPCI bushel guarantee but RPP does not require a MPCI loss to trigger a payment, where ARPO does. Available on corn and soybeans.
This tool allows the farmer to establish a minimum price different from the projected (spring) price.
Beginning Farmer and Rancher and Veteran Farmer and Rancher (BFR and VFR). If you are a beginning farmer, meaning you have farmed less than 5 years, or a veteran farmer you may be eligible for extra subsidies and waiver of certain fees along with other extras. If you farmed while serving in active military or in college, those years can be excluded. Contact an HIA agent today if you think you might qualify.