Crop Insurance

Comprehensive Coverage. Responsive Service.

Mitigate Risk

The U.S. Department of Agriculture (USDA) administered Federal Crop Insurance program makes U.S. farmland truly unique compared to other investment-grade asset classes across the globe. Crop Insurance provides a minimum annual revenue guarantee that significantly reduces risks for farmland operators and by extension, for farmland owners. Created in 1938 as an element of agricultural policy responses to the Great Depression, Federal Crop Insurance is a permanently authorized program administered by the Federal Crop Insurance Corporation.

Peace Of Mind

Peoples Company provides clients with full-line risk management solutions including crop insurance to optimize revenue and mitigate uncertainty across all business lines.

Types of Coverage

Multi-Peril Insurance

Multi-Peril Crop Insurance (MPCI) offers coverage against several events that could impact crop yield, including drought, excessive moisture, frost, disease, pests, and natural disasters like fire and hail. MCPI insurance not only protects against losses to crop yield but also can cover revenue losses caused by drops in market price. MCPI coverage must be purchased by the applicable Sales Closing Date for the crops being planted for the specific growing season.

Crop-Hail Insurance

Crop-Hail Insurance provides coverage against damage to crops caused by hail, as well as other events such as fire, lightning, vandalism, and transit coverage to first place of storage. Unlike Multi-Peril Crop Insurance (MPCI), Crop-Hail Insurance can be purchased at any time during the growing season. Coverage begins immediately after the policy is purchased and continues until the crop is harvested.

Minimum Revenue Guarantee

The ability to insure a high-level minimum annual revenue for farm operations is substantially valuable as it allows stabilization of performance even if adverse growing conditions impact production in a particular year. Every operator and agricultural asset can calibrate their guaranteed revenue with their APH over time.

Underwriting & Asset Diligence

The USDA’s establishment of county-level insurable yields by crop provides a temporally and spatially aggregated decision support system for asset underwriting and acquisition diligence. Specifically, knowledge of the price and yield insurance revenue supported by location, crop, type, and practice, allows optimization of production when evaluating assets as investment opportunities.

Emerging Financial Incentives

USDA and their partner private sector insurance companies are piloting several programs that incentivize a range of soil health and conservation-focused management practices. These practices include cover crops, split nitrogen application, and reduced tillage practices. The pilots provide incentives based on long-term reductions in production risks through more resilient soils.

Crop Insurance Coverage

Peoples Company offers Multi-Peril Crop Insurance (MPCI) and crop-hail insurance in the following states: Arkansas, Colorado, Iowa, Kansas, Kentucky, Missouri, Nebraska, North Dakota, Oklahoma, Oregon, South Dakota, Tennessee, Washington, and has referral and consulting abilities in the remaining states.

Connect With A Crop Insurance Expert

Meet The Team

Meet our team of dedicated Crop Insurance professionals.

Fill out the form below to request a quote or communicate with a Peoples Company Crop Insurance team member.



Land Matters

Stay current on the land market by having our land reports delivered to your inbox.