Row Crop Insurance

Crop insurance covers financial risk due to loss of yield caused by weather or other environmental conditions, and/or the loss of revenue due to declines in agricultural commodity prices.

Hail insurance is a risk management policy that covers hail damage to crops. It can be purchased separately or in addition to your usual multi-peril crop insurance (MPCI) policy. Coverage includes damage from hail, fire, and lightning, transit coverage (to first destination if overturns), fire department service charge, vandalism, and green snap (if this endorsement is selected). Hail insurance is available on most crops in most counties.

Yes. Hail damage is a covered peril. You can receive an indemnity if you suffer a yield loss below your bushel guarantee.

Yield Protection insures against yield losses. Revenue Protection insures against revenue declines. It provides protection in the event yields are normal, but prices decline. Revenue Protection includes a bushel guarantee like Yield Protection, while also protecting you against a decline in revenue due to declining prices and/or yield losses.

No. You can insure each section individually, but you cannot insure individual fields.

The Chicago Board of Trade (CBOT) December corn futures price and November soybeans futures price through the month of February are used to determine the projected price. The prices are the same for every producer in the state who purchases crop insurance. Your final sales price at the elevator does not matter.

In the event of a prevented plant claim, you will be compensated 55% of your guarantee on corn and 60% of your guarantee on soybeans. Additional prevent plan coverage that compensates for a higher percentage is available for purchase.

Enhanced Coverage Option (ECO) and Supplemental Coverage Option (SCO) are cost effective risk management tools that help protect against a falling price floor.

Enhanced Coverage Option (ECO) is an area-based band of coverage that’s attached to your existing eligible crop insurance policy. ECO crop insurance coverage provides two coverage levels to choose from depending on your specific needs: 86-90% or 86-95%.

Supplemental Coverage Option (SCO) is a county policy that can be stacked on top of your underlying revenue or yield protection coverage. It adds coverage to the base policy up to 86% of crop value. The stacked SCO policy provides area-based coverage.

You must report what you planted in the spring to your crop insurance specialist by July 15. Premiums will then be generated for your policy by August 15. Premium bills will be sent out on August 15 and are due by September 30.

No. If you insure your non-irrigated crop in the county, then you must insure the irrigated crops in that same county as well. However, you can select different coverage levels for irrigated and non-irrigated crops. You can make separate claims on each crop.

It depends. With a revenue protection policy, the price at which you sell your crop does not matter. A combination of the projected price, harvest price, and yield is used to determine if a payment will be made. (Refer to the question “How is the compensation for a loss calculated for a revenue and yield policy?” above for further details.)

Yes. Crop insurance provides a higher claim compensation price for organic crops if you have an organic certification.

You can insure 50% to 85% of your average yield history on an individual revenue protection plan. Additional coverage, such as ECO, or certain private products can insure above an 85% level.