May 19, 2012
Crops are an important type of insurable property. With less funding and assistance, farmers must assume more risk. These risks vary from weather, disease and insects to fluctuations in the prices of crops. With so many crop insurance policies available today you need to find a professional agent to help assist you with your risk management decisions.
We at Conquest Insurance can help you understand these crop insurance policies and develop a risk management plan for you.
Types of Insurance
Revenue Pricing (click link below)
MPCI
Multiple Peril Crop Insurance minimizes risk and protects for loss of production below a guaranteed yield from your actual production history. Conquest uses the top two private crop insurance carriers to provide the highest level of risk management.
MP Plus
Market Price Plus is a supplemental policy to the MPCI to increase the MPCI market price.
CRC
Crop Revenue Coverage provides protection against lost revenue caused by low prices, low yields, or any combination of the two. Conquest has the resources to assist growers to establish their guarantees and develop marketing plans to improve their profit margins.
CRC Plus
Crop Revenue Coverage Plus gives the farmer the ability to increase the CRC base price up to an additional $0.65 per bushel. The CRC Plus is a supplemental policy to CRC and is exclusively written by American Agrisurance. Conquest has the knowledge to make this product work for you. Let us show you why we are the leading writer of CRC Plus for wheat in the nation.
Crop Hail
Crop Hail provides protection on an acre by acre basis up to the actual cash value of the crop. Conquest has the top six crop hail carriers, which allows us to provide competitive rates with high limits of liability for each township.
MVP
Market Value Protection is designed to cover the difference between the MPCI price election and the market price at harvest for replacement cost protection.
IP
Income Protection provides coverage against reductions in gross income when yields or prices fall.
Named Perils
Named Perils provides the flexibility to design the coverage to protect farmer’s crops from damaging weather conditions during your selected coverage period.
Group Risk Plan
Group Risk Plan provides a risk management tool to insure against widespread loss of production of an insured crop in a county.
Revenue Assurance
Revenue Assurance provides protection against low revenue caused by low prices or low yields, or a combination of both.
RevMax 90/90
RevMax 90/90 provides the farmers with an opportunity to share the risk and reward the company and provide revenue protection starting at 90% of a farmer’s actual production history yield and 90% of the prices.
Field Grain Fire
Field Grain Fire provides coverage for fire to a farmer’s grain fields on an acre by acre basis.
Catastrophic
Catastrophic provides protection for losses that exceed 50% of the farmers actual production history at 55% of the crop’s expected market price. This is the minimum amount of coverage that is required to maintain eligibility for federal farm program benefits. The premium is paid by the federal government, however farmers are responsible for an administrative fee of $60.00 for each crop in each county.
If you have any questions you can contact by Email or phone us at 208-785-0760 Monday - Friday from 8:00 AM to 5:00 PM MST