Multi-Peril Crop Insurance.
Multi-Peril Crop Insurance.
Multi-Peril Crop Insurance (MPCI) products are a type of crop insurance that provide coverage for multiple types of crop damage caused by a variety of perils. MPCI policies typically provide coverage for yield or revenue losses. Yield coverage compensates farmers for a loss of crop yield due to the covered perils, while revenue coverage compensates farmers for a loss of revenue due to a decline in crop prices or a decrease in expected yield.
Yield protection crop insurance is a type of insurance that protects farmers against losses in crop yields due to natural disasters or other unforeseen events. It compensates farmers for a portion of the loss of revenue resulting from a decrease in crop yield.
Revenue protection crop insurance is a type of insurance that protects farmers against losses in revenue due to natural disasters or other unforeseen events. It compensates farmers for a portion of the loss of revenue resulting from a decrease in crop price or yield, or both.
Post Application Coverage Endorsement provides coverage for corn farmers using “split-apply” nitrogen. A grower will receive a loss payment if a weather event prevents application of the post application (second round) of nitrogen to a field. The payment will be based on the projected yield loss caused by not applying the additional nitrogen.
