COVERAGE OPTIONS
At Premier Crop Insurance, we help producers protect their operations with a full range of crop insurance products, including Multi-Peril Crop Insurance (MPCI), Livestock Risk Protection (LRP), and Pasture, Rangeland, and Forage (PRF). We also offer crop hail coverage and a variety of supplemental coverage options. We deliver these solutions through strong partnerships with our approved insurance providers (AIPs).
Multi-Peril Crop Insurance (MPCI) is a federally supported risk management program that helps farmers protect their operations against unavoidable losses caused by events like drought, excessive moisture, hail, disease, and other natural disasters. It provides coverage for both yield and revenue losses based on a producer’s historical production and selected coverage level and plan. Policies are subsidized by the federal government, making coverage more affordable while offering a reliable safety net that helps stabilize farm income and support long-term planning.
Livestock Risk Protection (LRP) is a federally supported insurance program that helps producers manage the risk of declining market prices for livestock, including cattle, swine, and lamb. It allows producers to lock in a coverage price for a specific number of head over a chosen coverage period. If market prices fall below the selected coverage price, and indemnity is paid to help offset the loss. With flexible coverage options and government subsidized premiums, LRP provides livestock producers with a practical tool to protect revenue and bring greater confidence to marketing decisions.
Pasture Rangeland and Forage (PRF) insurance is a federally supported program designed to help livestock producers manage the risk of forage loss due to a lack of precipitation. PRF uses a rainfall index to measure precipitation levels in a producer’s area rather than on an individual operation. When rainfall falls below the selected coverage level during chosen intervals, and indemnity is triggered to help offset reduced grazing or hay production. With flexible interval selection and subsidized premiums, PRF offers a practical way for producers to protect against drought-related losses and maintain more consistent forage availability.
Crop Hail Insurance is a private, supplemental coverage option that protects crops from direct physical damage caused by hail, and in many cases, additional perils such as fire, lightning, or vandalism. Unlike federally backed MPCI policies, crop hail coverage is not tied to government programs and can be purchased at any point during the growing season, often even after a crop has been planted and emerged. Coverage is typically written on an acre-by-acre basis, allowing producers to tailor protection to specific fields and risk levels. Because hail damage can be highly localized, crop hail insurance provides a valuable layer of protection to help safeguard crop value and reduce the financial impact of sudden, severe storms.
Supplemental and Private Products provide additional layers of protection beyond standard federally supported policies, helping producers fine-tune coverage to better match their individual risk exposure and financial goals. These products, such as SCO and ECO, can enhance coverage levels, reduce deductibles, or fill gaps not addressed by traditional policies. With flexible structures and customizable options, supplemental products allow producers to build a more comprehensive risk management strategy that strengthens protection against both yields and revenue loss.
