Farming is a risky business. Year-to-year, weather, prices, market and industry impacts are all unpredictable. Let us help you protect your business and your livelihood. Union Colony Insurance has the right connections with carriers who have the products necessary to meet all of your agricultural risk management needs. Whether it is Multiple Peril Crop Insurance, Crop-Hail or another Specialty coverage, we provide you with the risk management tools necessary to thrive in today’s market.
Multiple Peril Crop Insurance
Multiple Peril Crop Insurance (MPCI) is federally subsidized protection from numerous causes of loss, including drought, excessive moisture, freeze, disease and more. Several MPCI products and endorsements are available specifically intended for different crops and diverse areas of the United States. Reach out to us to find out more information on MPCI policy coverages.
Crop-Hail coverage is provided with the goal of protecting crops from the uncertainty and colossal damage that hail can cause. Hail coverage can be strengthened even further with several Crop-Hail endorsements. Coverage is available in all states in the United States as well as Alberta, Manitoba and Saskatchewan in Canada.
Private Stand-Alone programs are provided to protect crops damaged by various perils, including fire and rain. Coverage is available in many states as specified by each individual program.
Our Crop Insurance Carriers
More Information about Crop Insurance
In the United States, the federal government subsidizes an average of 62 percent of the premium. In 2019, crop insurance policies covered almost 380 million acres. Major crops are insurable in most counties where they are grown, and about 90% of U.S. crop acreage is insured under the federal crop insurance program. Four crops—corn, cotton, soybeans, and wheat—typically account for more than 70% of total enrolled acres! For these major crops, a large share of plantings is covered by crop insurance.
In the U.S., a subsidized multi-peril federal insurance program, administered by the Risk Management Agency, is available to most farmers. The program is authorized by the Federal Crop Insurance Act. Federal crop insurance is available for more than 100 different crops, although not all insurable crops are covered in every county.