Multi Peril Crop Insurance (MPCI)
MPCI is comprehensive coverage, protecting against such things as adverse weather conditions, insects, disease, and in many cases, price decline. Coverage design is often unique to the crop insured, so an understanding of the risks to your specific crop, and how they are addressed, is essential. In addition, all MPCI policy premiums are partially subsidized by the Federal Government, making them extremely affordable. This type of coverage at its most basic level, called CAT, costs only $300.00 per crop per county, no matter how many acres you have. We can help you determine how much more you need, and how much is available.
Named Peril Insurance
Need protection from one, or just a few perils (such as excess rainfall)? The solution may well be Named Peril Insurance. This coverage, which is not federally subsidized, can be tailored to meet your individual, specific needs. If you have a risk that is not covered, or not adequately covered, by Federal Crop Insurance, then talk to us about Named Peril-it may be the solution you are looking for.
Pasture, Rangeland, & Forage
An offshoot of MPCI, this coverage protects against either a lack of rainfall or reduction in vegetation over a wide area. It is designed to cover a lack of grazing land or hay production due to drought. It can be tailored to the area you are in, and the time of year you are at risk. To learn more, contact us.
Adjusted Gross Revenue
This type of coverage is designed to protect you from revenue loss in your entire farming operation. It is based on an average of the amount of Farm Income you have historically reported on your IRS Schedule F. This is a fairly complex program, but can have substantial benefits if designed properly.
Hail insurance is private coverage purchased on crops with dollars-per-acre coverage to protect against hail and fire losses. Many companies also cover transit losses, lightning, vandalism, etc. Grain storage is in many hail contracts which can supplement or replace similar coverage in a farm owners policy.
Other Insurance Products
Carden & Associates is a member of Ag Risk Insurance Consultants, a group of insurance agents throughout the country dedicated to meeting the risk management needs unique to American agriculture. Let us know if you need any type of Property and Casualty, Cargo, Marine, Employee Benefits, or any other line of insurance, WE CAN HELP! For more information click here.