Crop Insurance

Crop Insurance

Crop insurance is purchased to protect against either the loss of crops due to natural disasters, like hail, drought and floods, or the loss of revenue due to decreased prices of agricultural commodities.

Types of Crop Insurance:

Crop-Yield Insurance (two main classes)

  • Crop-hail insurance is available from private insurers
  • Multi-peril crop insurance (MPCI) is subsidized by the government


Crop-Revenue Insurance

  • Covers decline in price that occurs during the crop’s growing season.