Tom Cobb has years of experience fitting the right product to various sizes and types of operations. We provide crop and livestock insurance in multiple states.
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Multi-Peril Crop Insurance is considered the most common form of crop protection. MPCI policies must be purchased prior to planting and cover loss of crop yields from all types of natural causes including drought, excessive moisture, freeze and disease. Newer coverage options combine yield protection and price protection to guard farmers against potential loss in revenue, whether due to low yields or changes in market price. Crop availability varies by state.
Crop-Hail policies are not part of the Federal Crop Insurance Program and are provided directly to farmers by private insurers. Many farmers purchase Crop-Hail coverage because hail has the unique ability to totally destroy a significant part of a planted field while leaving the rest undamaged. In areas of the country where hail is a frequent event, farmers often purchase a Crop-Hail policy to protect high-yielding crops. Unlike MPCI, a Crop-Hail policy can be purchased at any time during the growing season
Many producers are unaware that insurance exists to protect their financial risk of raising livestock. The Livestock Risk Protection Insurance Plan includes lambs, hogs and cattle and is designed to insure against declining market prices. Producers may choose from a variety of coverage levels and insurance periods that correspond with the time your market animals would normally be sold.
Haystack & grain fire policies are not part of the Federal Crop Insurance Program and are provided directly to farmers by private insurers. Many farmers purchase this coverage because its perils are more broad than a traditional farm insurance coverage. Farmers often purchase a grain fire policy just before harvest when fields are susceptible to fire damage. The policy can be purchased at any time during the growing season.
Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy. This insurance plan is tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock) or those marketing to local, regional, farm-identity preserved, specialty, or direct markets.
The Pasture, Rangeland, Forage Insurance Program is designed to provide insurance coverage on pasture, rangeland or forage acres. The PRF program utilizes a rainfall index to determine precipitation for coverage purposes, and does not measure production or loss of products themselves. It was designed to help protect a producer’s operation from the risks of forage loss due to the lack of precipitation.