Crop insurance may provide crucial financial protections for your agricultural operation. If you experience losses due to covered events, such as droughts or disease, or if low yields or market prices result in lost revenue, crop insurance may provide monetary safeguards to help your farm overcome those setbacks.
The professionals at Heritage Insurance & Real Estate are ready to help you with your crop insurance needs. We can discuss options, pricing and coverages. Contact us today for more information.
Why Do I Need Crop Insurance?
As a farmer, you face several risks that are out of your control. Agricultural producers may receive several benefits from crop insurance, including:
1. Protection against natural hazards. Several perils may threaten crop production and yields, including destructive weather events, excessive moisture, drought, frost, disease and insect damage. Having crop insurance may help provide financial relief if these events arise.
2. Protection against lost income. Crop insurance may provide safeguards if low market prices affect your farm’s income. This revenue protection aspect may provide a payment if your actual revenue is less than your guaranteed revenue.
3. Help secure loans. Crop insurance may assist you in obtaining loans to help finance your operations.
4. Peace of mind. Knowing your crops and revenue are protected may afford you the peace of mind that allows you to focus your energy on other aspects of your farm.
Having the proper crop insurance may provide your agricultural enterprise with several other benefits. Along with multiple peril crop insurance (MPCI), additional named peril plans (e.g., crop hail insurance) may be available to provide expanded coverages. Speak with your Heritage Insurance & Real Estate agent to find out more.
How Much Does Crop Insurance Cost?
The price of crop insurance depends on various factors, such as the crops you are insuring, your production history and your geographic area. Additionally, MPCI is federally subsidized while named peril policies are not. Your agent can help you find the coverages you need while keeping your budget in mind.
How Do I Get Crop Insurance?
The experienced agents at Heritage Insurance & Real Estate are ready to help you secure crop insurance that provides the proper protection for your farm. Our dedicated staff can help you navigate the complexities of crop insurance, and we proudly serve Coon Rapids, Jefferson, Des Moines, Fort Dodge and surrounding areas in Iowa Contact us today to get started.