Advance Trading

Crop Insurance

Crop Insurance

Crop Insurance Services

Protect Your Crops, Protect Your Revenue

 

agricultural farmers in a field inspecting the crop

Crop insurance is one of the most important tools available to today's producers. Whether you're managing weather-related risks, yield uncertainty, or fluctuating commodity prices, the right crop insurance policy can help protect your operation and provide greater financial stability throughout the growing season.

Advance Trading works with farmers to evaluate crop insurance options and identify coverage that aligns with their operation, acreage, and production goals. Our knowledgeable crop insurance specialists help simplify the decision-making process, ensuring you understand your coverage options and how they fit your farming operation.

 

Contact Our Crop Insurance Team

 

Crop Insurance Coverage Options

Advance Trading offers federally supported crop insurance programs designed to help protect your operation from weather-related losses and revenue uncertainty. Whether you're growing row crops or managing grazing land, our team can help you determine which coverage best fits your operation.

 

Pasture, Rangeland & Forage (PRF) Insurance

Pasture, Rangeland & Forage (PRF) Insurance is a federally subsidized insurance program designed to help livestock producers manage the financial impact of reduced precipitation and rising feed costs.

Unlike traditional crop insurance, PRF is an area-based policy that measures rainfall within designated grid areas rather than individual production. Coverage is based on deviations from normal precipitation levels, and historical rainfall data is used to help optimize coverage periods based on your operation's needs.

PRF insurance can provide valuable financial protection when below-average rainfall affects pasture, rangeland, or forage production, helping producers better manage weather-related risk and maintain operational stability.

 

Multi-Peril Crop Insurance (MPCI)

Multi-Peril Crop Insurance (MPCI) is a federally supported crop insurance program managed by the Federal Crop Insurance Corporation (FCIC) and the USDA Risk Management Agency (RMA). Policies are administered through Approved Insurance Providers (AIPs), with premiums subsidized by the federal government. Coverage options and pricing are standardized across all AIPs, ensuring consistent protection regardless of your provider.

MPCI helps protect producers against yield losses caused by unavoidable natural events, including:

  • Excess precipitation
  • Drought
  • Insect damage
  • Plant disease
  • Hail
  • Wind
  • Flooding
  • Frost
  • Wildlife damage
  • Tornado
  • Fire

Losses may result from one or multiple qualifying causes. In addition to yield protection, many MPCI policies also include revenue protection, helping safeguard your operation when commodity prices decline.

ears of corn on the stalk in a corn field

 

 

The Details of Multi-Peril Crop Insurance

Coverage Options

Revenue Protection (RP) – Provides coverage for potential revenue losses on a per-acre basis by protecting against changes in both crop prices and yields. RP combines yield protection with price protection to help safeguard farm income when market conditions or production levels fluctuate.

Yield Protection (YP) – Provides coverage focused on protecting against production losses by insuring individual crop yields. This coverage helps protect producers when yields fall below the guaranteed level due to covered causes.

Subsidized Premiums

  • Federal government subsidies help reduce the cost of crop insurance premiums for producers.
  • Premium subsidies typically cover 41% to 80% of the total premium cost, depending on the coverage selected.
  • Recent increases in subsidies for base policies and endorsements provide additional opportunities for affordable crop insurance protection.

Area Based Policy Endorsements

Enhanced Coverage Option (ECO) – Provides additional area-based revenue protection above your underlying policy, with coverage levels available from 95% down to 86% or from 90% down to 86%.

Supplemental Coverage Option (SCO) – Offers area-based revenue protection that extends from 86% coverage up to the level of your underlying crop insurance policy. Beginning in the 2027 crop year, SCO coverage will increase to start at 90%.

Margin Coverage Option (MCO) – Provides area-based margin protection with coverage levels ranging from 95% to 86%, helping producers manage risks related to changes in revenue and production costs.

Customizable Policy by County

  • Producers select:

    • Coverage levels: 85% - CAT

    • Unit structure

    • Endorsements

    • Private products

Settlement

Underlying Policies – Indemnity payments are determined and settled after harvest, once final production and harvest information are reported and verified.

Area-Based Policies – Settlement occurs after county production data and final county yields are available, typically during the following summer after the growing season.

Advance Trading's Crop Insurance Tools

At Advance Trading, we not only provide crop insurance, but we also give you the tools and insights to make informed decisions throughout the growing season. Our crop insurance technology helps you evaluate coverage options, monitor policy performance, and understand how your insurance fits into your overall farm strategy.

 

Advance Trading's farm marketing risk management technology

Our crop insurance tools allow you to:

  • Analyze policy options using historical price and yield data.
  • Estimate potential indemnity payments throughout the growing season.
  • View your crop insurance alongside your personalized risk management platform for a comprehensive picture of your operation.
  • Optimize your insurance strategy with exchange-traded instruments.
  • Review your policy weekly in relation to changing market conditions to help support informed decision-making

 

Contact Us

 

How Does Crop Insurance Work?

Crop insurance is a federally regulated and subsidized program that helps protect farmers from financial losses caused by unexpected natural events. Policies are sold through private crop insurance agents and are designed to provide coverage when crop yields are reduced or lost due to qualifying natural causes. Common covered events include excess precipitation, drought, insect damage, plant disease, hail, wind, flooding, frost, wildlife, tornadoes, and fire. Losses may result from a single covered event or a combination of multiple qualifying causes, helping producers reduce financial risk when unforeseen conditions impact crop production.

Contact Our Crop Insurance Team