At Troy Insurance Agency, we understand that farming comes with countless uncertainties. That’s why Multiple-Peril Crop Insurance (MPCI) is a vital safety net for protecting your hard work and ensuring the future of your operation. MPCI shields farmers against losses caused by weather, pests, diseases, and other unforeseen perils for more than 100 crop types nationwide.
Comprehensive Coverage for Your Crops
MPCI policies safeguard your crops against risks such as:
While MPCI provides robust protection, it does not cover losses from irresponsible farming practices, market price fluctuations, or theft. However, it may offer coverage for challenges like late planting, replanting, low-quality yields, and reduced harvests, depending on your specific policy.
How MPCI Works: A Public-Private Partnership
MPCI operates through a unique public-private partnership managed by the U.S. Department of Agriculture (USDA). While private insurance companies handle policy writing and claims processing, the federal government subsidizes premiums, making coverage more affordable for farmers.
The USDA’s Risk Management Agency (RMA) standardizes rates and determines which crops can be insured in specific regions, ensuring consistent options for farmers across the country. No matter where you farm, you’re guaranteed access to MPCI policies as long as you meet eligibility requirements.
Coverage Levels Tailored to Your Farm
MPCI coverage is calculated based on your farm’s Actual Production History (APH), which considers up to 10 years of your past production records. Coverage typically ranges from 50% to 75% of your APH, with select crops in certain areas qualifying for up to 85%.
Farmers also select an indemnity price, ranging from 60% to 100% of the Federal Crop Insurance Corporation’s (FCIC) expected market price. Higher indemnity prices result in greater compensation during low-yield years but come with slightly higher premiums.
When to Purchase MPCI
Unlike crop-hail insurance, MPCI must be purchased before planting and remains in effect for subsequent crop years after the initial application is accepted. Farmers can adjust coverage levels or cancel policies only before the annual sales closing date.
At Troy Insurance Agency, we offer flexible MPCI options tailored to meet the unique needs of modern farm operations.
Why Crop Insurance Is Essential for Your Farming Business
Investing in the right crop insurance policy is critical to ensuring the longevity of your farm. Here’s why MPCI matters:
Stay in Business Despite Unpredictable Weather
Weather is one of the greatest challenges in agriculture. With one-third of all crop losses caused by frost, drought, hail, and other natural events, your entire operation can be at risk without adequate protection. MPCI provides the security needed to weather even the toughest years, ensuring your farm remains profitable.
Enhance Your Business’s Financial Stability
MPCI helps stabilize your revenue even in years with crop failures, enabling long-term business planning. With the assurance of steady cash flow, you can confidently market your crops and take advantage of new opportunities that would otherwise feel risky for uninsured farmers.
Unlock Growth and Innovation
Crop insurance isn’t just about protecting what you’ve built—it’s about investing in your future. An MPCI policy can improve your ability to secure loans, giving you access to advanced technologies, better seeds, and other resources to increase yields and grow your operation.
Why Choose Troy Insurance Agency?
At Troy Insurance Agency, we go beyond offering insurance policies—we’re committed to helping you make informed decisions to safeguard your livelihood. Our team of agricultural insurance specialists is here to guide you every step of the way, ensuring you have the right coverage to meet your unique needs.
Don’t leave your farm’s future to chance. Contact us today to learn more about our comprehensive Multiple-Peril Crop Insurance options and how we can help protect your farm, your family, and your financial future.
