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MULTI-PERIL CROP INSURANCE
Multi-Peril Crop Insurance
About Multi-Peril Crop Insurance (MPCI)
Crop Insurance & Protection for Residents of TX
There are several different types of Multi-Peril Crop Insurance (MPCI) plans and options to meet your farming operation needs. You just have to choose the one that provides the best safety net for your faming business.
MPCI Plans: Yield protection, revenue protection and other options
Multi-peril crop insurance provides protection against yield, revenue and quality loss due to named perils as indicated in each crop provision, depending on what policy you decide is best for you. We offer policies with different options based on what fits your farming operation and budget. Coverage levels range from 50% to 85% in 5% increments in most areas.
Yield Protection (YP)
Yield protection provides a broad range of protection against weather-related causes of loss and certain other unavoidable perils. Coverage is based on the Actual Production History (APH). The price is set by RMA and can be selected up to 100%. Coverage provides the guarantee (APH yield x the coverage level and on cotton x the skip row factor). MPCI provides late planting, prevented planting and replanting protection on some crops.
Revenue Protection (RP)
Revenue Protection (RP) policies are similar to yield protection policies, but revenue protection gives you extra price protection from price fluctuations in the market.
RP provides comprehensive protection for a crop by establishing a dollar guarantee. RP provides revenue protection based on price and yield expectations by paying for losses below the guarantee at the higher of the base price or the harvest price, which is based off the futures market price.
The perils covered are weather related, certain other unavoidable causes of loss and price fluctuations. RP provides prevented planting and replanting protection on some crops.