Weather can change in an instant, and so can your financial stability when you suffer crop losses. Multi-Peril Crop Insurance (MPCI) protects most crops against losses due to adverse weather such as drought, flood, hurricane damage, freezing and frost, as well as fire, insect infestation, plant disease, wildlife and loss of revenue due to decline in price. MPCI coverage provides protection against low yields, poor quality and revenue protection as well as prevented plant, late planting and replanting costs for most crops. MPCI policies provide loan collateral and give added confidence when developing commodity marketing plans. Crop insurance is a safety net that provides stability to long term business plans for farm operations and security for the future of your farm. MPCI policies are federally subsidized which reduces the out of pocket cost of protection for your farm operation.
MPCI protection is the primary part of a risk management plan for your farm operation. Other products that help round out a farm risk management plan are crop-hail coverage and farm-owners coverage for the property as well as equipment and farm liability. The final piece, or rather “peace of mind”, is life insurance and plans of succession for the farm owners and their beneficiaries. You can trust the experts at Flatlands Insurance Group to work with you on plans that best fit your needs and your farm operation.