Crop Insurance in Ohio
Crop insurance is essential for farmers, ranchers, and others alike to help financially protect against crop loss due to various unforeseen incidents. There are two common types of coverage available to purchase: multiple peril crop insurance (MPCI) and crop-hail insurance, which is covered here. Our Wilber-Price Insurance Group agents help you determine which coverage options are best suited for your crops and provide the best protection for your needs.
What Is Multiple Peril Crop Insurance (MPCI)?
An MPCI policy covers crop loss associated with natural events such as the following:
- Destructive weather (hail, frost, damaging wind)
- Insect damage
This insurance coverage option is the most common policy that farmers purchase. Not all crops are covered, but there are more than 120 crops that MPCI provides coverage for. The federal government establishes guidelines that you need to follow to purchase insurance before the growing season. Discuss your farming needs with an agent to determine your best option.
What Is Crop-Hail Insurance?
Crop hail insurance is less common due to its use. This policy is most beneficial for farmers that produce crops in areas of the country where hail is frequent. Crop-hail insurance can help protect high-yield crops against hail damage. Many farmers will purchase this coverage to supplement their MPCI policy due to how damaging the effects of hail can be on crop yields. Crop-hail insurance can be purchased at any point during the growing season.
Learn More About Crop Insurance
If you’re looking to learn more about how crop insurance may benefit you, reach out to a Wilber-Price Insurance Group agent today. Our staff is ready to help you create the best coverage to safeguard your crop from natural disasters.