Crop & Livestock Insurance
Federal Crop Insurance Program
Protect your crops and livestock with the #1 Farm Insurer
Leave it to the farm experts to ensure your crops and livestock are properly protected at the right price. Learn more about Federal Crop Insurance Programs including Multi-Peril Crop Insurance (MPCI), Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), Dairy Revenue Protection (DRP), Area Risk Insurance Plans and Rainfall Index.
Talk to a crop and livestock expert: Contact Jenny Brown – 920.988.6629 or Anita Schoepp – 608.214.9542 to learn more about crop and livestock programs.
Crops Covered by Multi-Peril Crop Insurance
Insurance protection for your crops from unavoidable loss of production due to a wide range of natural causes.
Like all insurance, Multi-Peril Crop Insurance (MPCI) is a risk management tool; a way for farmers to purchase protection and guarantees on a crop, in many cases, before its even in the ground. MPCI is designed to help farming operations weather the weather mother nature creates each year. Many weather events are covered under most MPCI policies for insurable crops; drought, excess moisture, disease, fire, insect damage, hail, wildlife damage, and more. Some MPCI plans with revenue protection also help protect against changes in the market price. Multi-peril policies are also combined with hail policies for even more complete protection.
Individual Multi-Peril Crop Insurance Plans
These plans of insurance are based on an individual’s…
Actual Production History (APH) plan of insurance provides protection against a loss in yield. An actual yield that is less than a policy’s guaranteed yield would be paid a loss. (Available only on select crops). Pricing is set based on RMA price elections.
YIELD PROTECTION COVERAGE (YP) provides protection (for many crops not covered under the APH policy) against a loss in yield. Pricing is set in based on Commodity Exchange Price Provisions (CEPP) determined prices.
REVENUE PROTECTION COVERAGE (RP) – Also available with Harvest Price Exclusion (HPE) option. RP protections against a loss of revenue caused by price increase or decrease, low yields or in combination by guaranteeing a set revenue amount. Pricing is set in based on Commodity Exchange Price Provisions (CEPP) determined prices. HPE policies exclude the Harvest price.
WHOLE FARM REVENUE PROTECTION (WFRP) –For a farm with a wide variety of commodities produced, WFRP covers many commodities under a single policy designed around an operation’s revenue.
Livestock Risk Protection and Livestock Gross
Just like crops, livestock can be insured to help protect a farming operation. With uncertainty of costs of feed and fluctuating market prices, livestock insurance allows a farm to mitigate risk. To help mitigate risk, livestock insurance products can protect a floor price to insurance against dramatic declines in price for the livestock or a change in an expected gross margin for certain livestock.
Both Livestock Risk Protection and Livestock Gross Margin policies have multiple sign-up times throughout the year.
Livestock Risk Protection (LRP) for Fed Cattle, Feeder Cattle, Swine or Lambs. A LRP policy for any of these commodities protects against the decline in the market price.
Livestock Gross Margin (LGM) for Dairy, Fed Cattle & Swine.
- Dairy Cattle: Protects against the loss of gross margin (market value of milk less feed costs) on the milk produced.
- Fed Cattle: Protects against the loss of gross margin (market value of cattle less feeder cattle and feed costs) on fed cattle.
- Swine: Protects against the loss of gross margin (market value of hogs less feed costs) on hogs.
Dairy Revenue Protection
Dairy Revenue Protection (DRP) is an area-based revenue product designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level. Producers may cover up to 95 percent of their expected quarterly revenue. At the end of the insurance period, if the actual milk revenue is below the final revenue guarantee, the producer may receive an indemnity payment for the difference between the final revenue guarantee and the actual milk revenue multiplied by the share and protection factor.
5% FARM DIVIDEND FOR THE SEVENTH YEAR
$18 Million Given Back to Farm Policyholders Through Dividend Program
For the seventh year in a row since Rural Mutual Insurance established the first-of-its-kind Farm Dividend Program, the company’s Board of Directors declared a 5% dividend on all eligible farm policies for 2022 farm policyholders. See how you can qualify!
Explore our Agriculture Insurance Coverages
We know your farm is more than your business, it’s your way of life. We offer a broad range of coverage options to prevent putting that way of life at risk.
Hail Coverage for Crops
We know that the livelihood of farmers can depend on the weather. And in Wisconsin, it’s hard to tell what the season will bring.
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Dairy Revenue Protection
Dairy RP is a product designed to protect the revenue of milk production on a dairy operation.
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Workers’ Compensation for Farmers
In the event of an unforeseen accident there’s a lot at stake for everyone involved. Who is going to pay for the medical bills if a worker is injured on the job?
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Commercial Agribusiness Insurance
With contract or custom farming or agri-tainment, there are many moving parts to make sure your business and your partners are successful. Let us help!
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Hemp Insurance
We expanded our agribusiness practice to serve Wisconsin Industrial Hemp operations, including growers, distributors and retailers.
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Crop & Livestock Insurance
Multi-peril crop insurance (MPCI), Livestock Risk Protection and Livestock Gross Margin policies are risk management tools to protect your production.
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