CROP INSURANCE ADVANTAGE

LEARN IF CROP INSURANCE IS RIGHT FOR YOU

Single Crop Insurance Calculator

This tool calculates the most common insurance plans, Revenue Protection, Yield Protection, and Revenue Protection with Harvest Price Exclusion. Most farmer's will choose one of these options when insuring a crop.

Single Crop

Whole Farm Insurance Calculator

This tool calculates premiums for RMA's relatively new insurance option, Whole-Farm Revenue Protection. Ideal for farmers growing multiple crops of different kinds.

Whole-Farm

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Learn the basics and read what other farmers have to say about crop insurance.

Information gathered from RMA.

Gianforte
We use crop insurance on every insurable crop. We rely on it a fair amount to help manage risk. There hasn’t been any one year in particular that we feel it hasn’t been worthwhile. It’s been worthwhile every year.

Gianforte Farm

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Allen
Expenses have gone up. It’s not that we want to use the insurance. We’d rather get the crop in. You make a lot more money getting the crop in, than by filing a claim for crop insurance. But it still covers part of your loss.

Allen Farm

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Buying a crop insurance policy is one risk management option. Producers should always carefully consider how a policy will work in conjunction with their other risk management strategies to insure the best possible outcome each crop year. Crop insurance agents and other agri-business specialists in the private and public sectors can assist farmers in developing a good management plan.


Producers who purchased crop insurance are covered for all natural causes of loss listed in their policies. For those without insurance, the Noninsured Crop Disaster Assistance Program (NAP), managed by USDA's Farm Service Agency, provides financial assistance to producers of non-insurable crops when low yields, loss of inventory, or prevented planting occurs due to natural disasters.


Federal Crop Insurance Corporation (FCIC) programs are administered by the Risk Management Agency (RMA), which underwrites crop insurance policies for hundreds of crops and livestock in the United States. Crop insurance policies are sold and serviced by private insurance companies. For information about insurance products available in your area, please contact a local insurance agent or one of the insurance companies that sell and service crop insurance policies in your state. RMA also has 10 Regional Offices, in various locations across the country, that you may contact for information specific to your area. Your local insurance agent can describe the different insurance products available, and the policy rates and terms. Your agent will help you choose the best coverage for your crop based on your particular farm operation and your risk management and budgetary needs.


The crop year is designated by the year in which the planted crop is normally grown and harvested. For example, crops planted in the fall of 2014 are considered to be grown in the 2015 crop year because they are harvested in the spring or early fall of 2015. Crops planted in the spring of 2015 are also considered to be grown in the 2015 crop year because they are harvested in the fall of 2015.


Whole-Farm Revenue Protection (WFRP) insurance provides coverage against the loss of revenue that you expect to earn, or will obtain from commodities you produce or purchase for resale during the insurance period under one insurance policy. The amount of farm revenue you can protect with WFRP insurance is the lower of the revenue expected for the current year (entered on a farm plan) or your five-year historic income from your farm taxes, adjusted for growth. This represents an insurable revenue amount that can reasonably be expected to be produced on your farm during the insurance year. All commodities produced by the farm are covered under WFRP except timber, forest, and forest products, and animals for sport, show or pets. It is important to understand that WFRP is covering revenue produced during the insurance year.