Crop Insurance Coverages

Multi-Peril Crop Insurance

Multi-Peril Crop Insurance is crucial for farmers as it provides coverage against various risks that can affect their crops. Precision Insurance Agency wants to help protect farmers from multiple perils such as drought, floods, pests, disease, and other unforeseen events that can lead to crop losses. By offering financial protection, multi-peril crop insurance ensures that farmers can recover from potential losses and sustain their livelihood.

Precision Insurance understands the vital role that agriculture plays in communities and wants to help them grow and sustain. They are committed to providing tailored coverage solutions to fit individual needs. Precision Insurance believes in the farmer and rancher and wants to assist them with the tools for peace of mind.

Available Policies:

Multi-Peril Crop Insurance (MPCI)
Annual Forage
Forage Seeding
Forage Production
Rye/Fall Seeding
Pasture Rangeland Forage
Livestock Risk Protection
Apiculture

Precision Insurance Agency’s customer service is right there with you to help navigate through the insurance process and help direct you to the best coverage for your individual needs.

Crop Hail

Crop hail insurance plays a crucial role in protecting farmers from the destructive consequences of hailstorms on their crops. Hail can ravage fields, causing substantial damage that leads to diminished yields and financial hardship. By providing coverage against hail-related losses, crop hail insurance offers farmers the necessary financial security to recover and continue their agricultural operations.

By working hard to provide coverage, Precision Insurance Agency will help protect farmers from devastating disasters. Safeguarding their crops and livelihoods gives farmers peace of mind knowing that they are protecting their financial investment. Precision Insurance Agency understands the importance of protecting farming operations and the vital role they play in the community.

Pasture, Rangeland, Forage

The Pasture, Rangeland, and Forage insurance was designed to help protect a producer’s operation from risks of forage and grazing losses due to the lack of precipitation. This area-based coverage is based on normal precipitation in a specific area. If the normal precipitation falls below your covered level, it will trigger a loss. This continues to be very beneficial coverage for farmers and ranchers that participate in the program.

Precision Insurance will meet with you go through your farming operation and put together options that best fit your area to optimize the best coverage.

Livestock Risk Protection

The Livestock Risk Protection Plan is designed to insured against declining market prices. Beef and Swine producers may choose from a variety of coverage levels and insurance periods that correspond with the time you market weight livestock would normally be sold. It insures against the market at the time you sell and not on the actual sale price of the animal.

This is a great way to ensure protection from a volatile market Precision Insurance wants to provide the tools you need to help protect livelihood.

Apiculture

The Apiculture Pilot Insurance Program (API) provides a safety net for beekeepers’ primary income sources. Since apiculture is dependent on a variety of different vegetations, precipitation plays a key role in providing the resources needed for honey, pollen collection, wax, and breeding stock. API was designed to provide maximum flexibility to cover areas that are vital to honey production. Coverage is based on the lack of precipitation in the area grid where the colonies are located. Precision Insurance would be happy to assist you in navigating this program.

Still have questions? Learn more here!

Do You Need Crop Insurance Coverage?

Farming is a rewarding profession, but it’s also inherently risky. Mother Nature can be unpredictable, throwing hailstorms, droughts, and floods your way with little warning. Insect infestations and unexpected diseases can devastate entire fields. Even if your crops survive the elements, market prices can fluctuate wildly, leaving you with a bountiful harvest that brings minimal profit. At Precision Insurance Agency, we understand the challenges Midwest farmers face. That’s why we offer a comprehensive range of crop insurance policies designed to protect your livelihood, giving you the peace of mind to focus on what you do best – growing great crops.

Consider these questions to see if crop insurance is right for you:

Does your income depend heavily on your crops? Crop insurance can provide financial security in the event of a poor harvest due to weather, pests, or disease. A single bad year can wipe out years of hard work. Crop insurance helps ensure you have the resources to recover from unforeseen events and get back on your feet for the next planting season.
Can you withstand a significant financial loss? Recovering from a major crop loss can be devastating. Imagine the financial strain of replacing lost revenue, replanting fields, and potentially even having to repair damaged equipment. Crop insurance helps mitigate these risks, providing a financial cushion that allows you to weather the storm and keep your farm operational.
Do you want peace of mind? Farming is a demanding profession, and the constant worry about potential losses can take a toll. Crop insurance allows you to focus on the controllable aspects of farming – planting, tending, and harvesting your crops – with the knowledge that you’re protected against unforeseen circumstances. This peace of mind can be invaluable, allowing you to make sound decisions for your farm’s future without the constant pressure of potential financial ruin.

Benefits of Crop Insurance:

Beyond the basic protection it offers, crop insurance provides a number of advantages for Midwest farmers:

Stability: Crop insurance helps stabilize your farm’s income, allowing you to budget more effectively and plan for the future with greater confidence.
Loan Eligibility: Many lenders require crop insurance as a condition for obtaining loans. Having a crop insurance policy can make it easier to secure financing for essential farm operations, equipment purchases, and land improvements.
Tax Advantages: Crop insurance premiums may be tax-deductible, offering additional financial benefits.

Precision Insurance Agency – Your Partner in Crop Risk Management:

At Precision Insurance Agency, we know that no two farms are alike. That’s why we offer a variety of crop insurance coverage options to fit your specific needs. Our experienced agents will work closely with you to understand your farm’s unique risks and develop a customized crop insurance plan that provides the right level of protection. We can help you navigate the different policies offered by the USDA Risk Management Agency (RMA), including:

Yield Protection: Protects your income in the event of a crop yield loss due to weather, pests, or disease.
Revenue Protection: Combines yield protection with market price protection, ensuring a financial payout if your crop experiences a decline in yield or market value.
Margin Protection: Protects your profit margin by insuring against a decline in revenue or a rise in production costs.
Crop Specific Coverage: We offer specialized coverage for a wide range of crops commonly grown in the Midwest, including corn, soybeans, wheat, cotton, and more.

Don’t let the unpredictable nature of farming threaten your livelihood. Contact Precision Insurance Agency today for a free crop insurance quote! Our knowledgeable agents will answer your questions, explain your coverage options, and help you choose the right policy to protect your farm and your future.

Why Choose Precision Insurance?

In the competitive world of crop insurance, choosing the right partner is crucial. At Precision Insurance Agency, we go beyond simply offering a variety of coverage options. We are dedicated to providing Midwest farmers with a comprehensive crop risk management solution, built on a foundation of exceptional service, personalized expertise, and unwavering support throughout the entire crop insurance process. Here’s why Precision Insurance Agency should be your trusted partner for safeguarding your farm’s future:

Unparalleled Expertise: Our team isn’t just versed in crop insurance policies; they’re ingrained in the agricultural way of life. Many of our agents come from farming families themselves, giving them a deep, personal understanding of the intricate challenges and triumphs you face every season. They stay on top of the ever-evolving agricultural landscape, attending industry conferences, tracking weather patterns, and closely monitoring government regulations and crop insurance program updates. This ensures you receive the most relevant advice, tailored to the specific risks and opportunities impacting Midwest agriculture.
Personalized Service: We recognize that your farm is more than a business venture; it’s a legacy, a source of pride, and a family tradition. That’s why we take the time to get to know you and your unique operation. We’ll sit down with you to understand your specific crops, risk tolerance, and financial goals. This conversation allows us to develop a customized insurance plan that seamlessly integrates with your overall risk management strategy.
Commitment to Advocacy: Consider us your champion throughout the entire crop insurance journey. From navigating the initial application process to filing a claim in the event of a covered loss, our agents are by your side, offering guidance and support. We’ll ensure you comprehend the intricacies of your policy details and answer any questions you may have with clear explanations. In the unfortunate event of a claim, we’ll work tirelessly to ensure you receive the fair and prompt compensation you deserve.
Focus on Long-Term Relationships: We believe in building strong, lasting partnerships with our clients. We’re not interested in a one-time transaction; we’re here to be a trusted advisor as your farm grows and evolves. We’ll conduct regular policy reviews to ensure your crop insurance plan continues to meet your needs. Perhaps you’re looking to diversify your crops, explore new technologies, or secure financing for expansion. We’ll be here to analyze how these changes might impact your risk profile and adjust your crop insurance plan accordingly.
Competitive Rates & Flexible Payment Options: We understand that cost is a major concern for farmers. That’s why we leverage our established relationships with a network of reputable insurance carriers to secure the most competitive rates possible for your policy. We’ll also work with you to find flexible payment options that align with your budget and cash flow, ensuring your crop insurance coverage remains affordable and accessible.

Precision Insurance Agency – More Than Just Insurance

We go beyond being just another insurance agency. We strive to be a valuable resource for our clients, offering a variety of educational programs and workshops throughout the year. These sessions cover the latest agricultural trends, risk management strategies, and government programs specifically designed to benefit Midwest farmers. We also maintain strong relationships with local agricultural organizations, keeping you connected to a network of peers and industry experts. This allows you to stay informed about the latest advancements, share best practices, and navigate the challenges of modern agriculture with a strong support system behind you.

Make an Informed Decision – Choose Precision Insurance Agency

Don’t settle for generic insurance coverage from an impersonal provider. Choose a partner who understands the nuances of Midwest agriculture and is dedicated to your success. Contact Precision Insurance Agency today and experience the difference personalized service, expert advice, and unwavering support can make. We’ll help you navigate the complexities of crop insurance with clarity and confidence, ensuring you have the right protection in place to secure your farm’s legacy for generations to come.