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Crop Insurance
Cotton, Corn, & Other Grains
Cotton, Corn, & Other Grains
Cotton, Corn, & Other Grains
MPCI (multiple peril crop insurance) for most annual row crops is based on your average production for the last 10 years, as well as your share, and the price set by RMA at the beginning of the crop year. If you elect Revenue protection, this policy type will also cover market price fluctuations within the growing season.
Fields will be divided into units, which will affect the cost as well as indemnities. Basic units are usually divided by different shares, such as 100% share or acreage shared with different landlords. Optional units may be divided further if, under the same share arrangement, there are different practices (irrigated or not), or the land lies in different sections or section equivalents. Smaller units provide better coverage since you are more likely to have a payable claim. However, smaller units mean a higher cost.
Many options are available besides unit structure that can affect your coverage and your price. To increase your average production, or keep it from sinking too low due to claims, you may want to try Yield Adjustment, Yield Exclusion, or Trend Adjustment. With cotton, most farmers want to add the seed endorsement.
With all of these choices, you need an agent who is knowledgeable about MPCI. Call or email us for more information and free quotes.
Cate Insurance - (806) 997-2292.
Hail Insurance
Cotton, Corn, & Other Grains
Cotton, Corn, & Other Grains
While MPCI covers your crops for hail (among other naturally occurring events) most farmers need more coverage for hail, which can devastate your crop in a matter of minutes. Be sure your crop is fully insured for your cost of production by adding hail coverage to every acre. Rates vary by company, so call for a quote. Normally, the cost is easily figured by the rate times the acres times the amount of coverage you will need.
For example:
If the rate is $3.00 per $100 of coverage, and you have 100 acres, the cost will be $300 for $100 of coverage per acre, or $1200 if you would like to insure for $400 per acre.
Please call for rates today.
(806) 997-2292
Pasture, Rangeland & Forage
Pasture, Rangeland & Forage
Pasture, Rangeland & Forage
Both Pasture, Rangeland & Forage (perennial grasses or hay) policies and Annual Forage (forage planted annually) policies are based on the average rainfall collected within your "grid", a 6-mile square area in which your covered property is located. When the amount of rainfall in your grid falls below the grid's trigger index level, an indemnity is paid. Lack of rainfall is the only cause of loss for this type of policy.
Annual Forage polices have a dual use option available which allows a producer to insure a small grains crop under the Annual Forage rainfall index policy, as well as a small grains MPCI policy.
Pecans
Pasture, Rangeland & Forage
Pasture, Rangeland & Forage
The multi-peril policy for pecans is a two-year coverage module, due to the fact that pecans are alternate bearing trees. Every other year will produce a good crop. However, each year is covered according to the average production history.
An orchard may be insured as long as it is a minimum of one acre and has produced at least 600 pounds per acre in one of the last four years.
Call or email for more information.