Two types of crop insurance are available to farmers in the United States: Hail and multiple peril crop insurance (MPCI). Hail policies are not part of the Federal crop insurance program but are still available through JW Insurance Group, LLC.
MPCI policies must be purchased prior to planting and cover loss of crop yields from all types of natural causes including drought, excessive moisture, freeze, and disease. Newer coverage options combine yield protection and price protection to protect farmers against potential loss in revenue, whether due to low yields or changes in market price.
The Federal government subsidizes the farmer-paid premiums to reduce the cost to farmers. The Federal government also provides reimbursement to the private insurance companies to offset operating and administrative costs that would otherwise be paid by farmers as part of their premium. Through this Federal support, crop insurance remains affordable to a majority of America's farmers and ranchers.
Commercial Farm Policy
Our commercial farm policy can be tailored to give you the protection you need for the business and personal needs of your farming operations. Coverage is available for your farm dwellings, personal property, structures, and liability. Contact us today to conduct an assessment of your current insurance needs.