Email:
kurtfleck@psci.net
CROP INSURANCE
Are Your Crops Protected Against Growing Season Unpredictability?
How Does Crop Insurance Work?
Crop insurance provides coverage for natural damages, including floods, hail, wind, droughts, and other natural disasters out of human control. We classify crop insurance into two separate divisions. These divisions include crop-yield insurance and crop-revenue insurance. Ag Risk Solutions will help you understand all of the insurance options available to you
Insurance Plans Overview
Buying a crop insurance policy is a risk management tool available to agricultural producers. Producers should consider how a policy will work in conjunction with their other risk management strategies to insure the best possible outcome each crop year. Ag Risk Solutions Agents can assist producers in developing a good management plan.
Policies typically consist of general crop insurance provisions, specific crop provisions, policy endorsements and special provisions. See RMA's county crop program listings for information about crop policies available in specific counties and states.
Policies are available for most commodities; however, some policies are being tested as pilots or have not been expanded nationwide so are not available in all areas.
Insurance Plans provide different types of insurance coverage to specific commodities.
Crop-Hail Products
Hail damage can occur at any time, from early in the season right through harvest. That is why it is so important to consider Crop-Hail insurance as an integral part of your risk management plans. We know there are many variable circumstances and conditions in every region. This is why we offer a broad array of crop-hail products to meet your needs.
We offer products from basic, no deductible, crop-hail coverage to an array of deductible coverages. We even offer crop and peril specific coverages in select regions. Specialized plans such as companion plan and production plan hail insurance are also available in select regions.
We also provide training and support so that you can help your customer make their best choice of crop-hail products to help protect their business. Discover more about the crop hail products offered by NAU Country.
Private Products
In the high risk, economic climate of production agriculture today, many of you are looking for products to enhance your Multi-Peril crop insurance protection. We listen to you and your customers and evaluate the Private Products we offer so we can provide you competitive choices to meet your risk management needs. Discover more about the Private Products offered by NAU Country.
- Base Price Modifier (BPM)
- Price Modifier PLUS (PM+)
- Forward Contract Insurance Protection (FCIP)
- Replant Option (RO)
- Crop Insurance Bundle Policy
- MPowerD™
- RPowerD™
- NAU EASYrev™
Revenue Protection
Revenue Protection policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease, and revenue losses caused by a change in the harvest price from the projected price. The producer selects the amount of average yield he or she wishes to insure; from 50-75 percent (in some areas to 85 percent). The projected price and the harvest price are 100 percent of the amounts determined in accordance with the Commodity Exchange Price Provisions and are based on daily settlement prices for certain futures contracts. The amount of insurance protection is based on the greater of the projected price or the harvest price. If the harvested plus any appraised production multiplied by the harvest price is less than the amount of insurance protection, the producer is paid an indemnity based on the difference.