To protect from unforeseen weather or a drop in market prices, Northwest FCS Insurance Agency provides numerous crop insurance programs to help producers manage their risk. Unlike other insurance providers, our licensed agents focus solely on crop insurance. They have in-depth knowledge and expertise working with the diverse crops grown in the Northwest.
Traditional Yield-Based Insurance
Crop production can vary widely from year to year due to unforeseen weather conditions. Traditional yield-based insurance will protect your livelihood from the elements of Mother Nature.
Multi-Peril Crop Insurance (MPCI) – MPCI protects against losses caused by multiple perils, including drought, flooding, frost, disease, insects, or other natural causes beyond your control.
- Choose from several coverage and price levels to manage your level of risk.
- Coverage levels range from 50 to 75 percent, including 80 and 85 percent levels on select crops in certain areas.
- Premium due dates are designed to coincide with your operation’s cash flow.
- Premiums are subsidized.
Crop-Hail – Crop hail insurance protects against losses caused by hail, fire, and transport.
- Determines the quality of your crop before insuring it by purchasing after seeding and prior to harvest or prior to any hail loss on the crop.
- Selects coverage levels on a dollar-per-acre basis up to your insured limit.
- Protects up to the value of the crop.
- Provides acre by acre coverage.
- Fire only coverage is also available on crops like hay, grain, and grass seed.
Revenue-Based Insurance
Revenue-based insurance protects against losses of income due to low yields, low prices, or a combination of both. All of the revenue products use various commodity exchanges and futures contracts in the development of projected/base prices and harvest prices.
Crop Revenue Coverage, Revenue Assurance, Income Protection
- Coverage levels range from 50 percent to 85 percent of historic yield averages for each unit of coverage depending on the revenue product selected.
- Based on the revenue product chosen, rates and prices vary by state, county, and crops insured.
- Premiums are subsidized.
Adjusted Gross Revenue – AGR and AGR-Lite*
- Provides coverage on a whole-farm basis rather than being limited to a specific crop.
- Coverage is based on income generated from commodities reported on a Schedule F tax return.
- AGR also provides coverage for specialty crops typically uninsurable under the traditional crop programs.
*Not available in all areas.
Livestock Risk Protection Insurance
Cattle, sheep, or swine may be insured under the Livestock Risk Protection program. The policy provides protection against declining market prices. The availability of coverage by livestock type may vary by area.
- A variety of coverage levels and insurance periods are available to tailor coverage to the livestock operation.
- Coverage may be purchased at any time throughout the calendar year.