Crop Insurance in Swea City and Estherville, IA
Keep Your Farm Afloat in Times of Trouble.
The farming and agricultural industry involves a lot of risk and uncertainty. From unexpected natural disasters to significant economic changes in the marketplace, many situations can impact your agribusiness’s productivity.
At Cornerstone Insurance Services, we know that the success of your farm directly impacts the livelihood of you and your family. With the right crop insurance coverage, you can protect your business and keep your farm afloat through difficult times.
What Crop Insurance Is Available?
There are two types of crop insurance for your farm or ranch. These are multiple peril crop insurance (MPCI) and crop-hail insurance.
Multiple peril crop insurance—This coverage financially protects you from crop losses that include lower yields caused by natural events, including destructive weather (e.g., hail, frost, damaging wind), disease, drought, fire, flooding and insect damage. MPCI is federally supported and regulated. MPCI covers more than 120 different crops, but not all are covered in every region. Cornerstone Insurance Services can help you explore if an MPCI policy is appropriate for your agricultural business.
If you are interested in purchasing an MPCI policy, you must do so by the federal government’s deadlines before you plant your crops.
Crop-hail insurance—This coverage can protect high-yielding crops where hail happens frequently. Crop-hail policies aren’t part of the Federal Crop Insurance Program. Often, farmers purchase this coverage as a supplement to MPCI. These crop-hail policies often have very low or even no deductibles. Because hail can destroy portions of crops but not everything, hail claims are usually less than an MPCI policy deductible. Unlike MPCI, you can purchase crop-hail insurance at any point in the growing season.
Farmers can also purchase crop revenue insurance. This coverage can help farmers in years where they have low yields or the price of the crops is low. This policy can help farmers protect their earnings against drastic swings in crop prices, regardless of the cause.
How Crop Insurance Works
It’s crucial that you accurately represent the planted acreage per unit for your crop insurance. If you don’t accurately report this information, you may not be reimbursed for your actual losses.
Helping Farms To Thrive
You’ve poured years of hard work into your agribusiness, and when times are tough, you need insurance that gives you the best protection. Cornerstone Insurance Services can help ensure your farm’s continued success with crop insurance based on your farm’s unique risks.