As a farmer, you pray for good weather and bountiful harvests. But sometimes that’s not enough. Farmers buy Crop insurance to protect themselves from financial ruin in the event of a disaster. Bothun Insurance Agency offers two types of Crop insurance to producers: Multiple Peril Crop Insurance (MPCI) and Crop Hail.
Multiple Peril Crop Insurance (MPCI)
The U.S. Congress first authorized federal crop insurance in the 1930s to help agriculture recover from the Great Depression and the Dust Bowl. MPCI continues to be regulated and subsidized by the U.S. government. MPCI has evolved into numerous insurance products that provide coverage for loss of production due to a number of natural occurring perils. Crop Insurance through the Program can typically indemnify the insured farmer for other adverse events, such as the inability to plant or excessive loss of quality due to adverse weather. It can also protect revenue from loss in value due to a change in market price.
Crop Hail
Most hailstorms last less than five minutes. In that short time, it can have dealt a crushing blow to your crops and your future. Crop Hail insurance from Bothun Insurance Agency, which is not subsidized or regulated by the government under the Federal Crop Insurance Program, provides protection against damage from hail or fire. Extended coverages can be obtained to protect crops from other losses like malicious mischief, vandalism, lightning, and damage while in transit and storage. Since Crop Hail insurance fills the gap in your MPCI coverage, it gives you acre by acre protection that can insure up to 100 percent of the crop’s expected cash value.
