Crop Insurance: Federal & Private Crop Insurance options

We understand farming & crop insurance. We keep up with all options and can give you the ability to control your future with the best crop insurance available.

Multi Peril Crop Insurance

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.

Under the Federal Crop Insurance Program’s unique public-private partnership, there are multiple private companies authorized by the United States Department of Agriculture Risk Management Agency (USDA RMA) to write MPCI policies. The service delivery side of the program: writing and reinsuring the policies, marketing, adjusting and processing claims, training and record-keeping is handled by each private company. The program is overseen and regulated by the Risk Management Agency (RMA). The RMA sets the rates that can be charged and determines which crops can be insured in different parts of the country.

Crop Hail Insurance

In addition to Multi-Peril Crop Insurance, Lance Insurance offers coverage against hail damage. Because a hail storm can totally destroy growing crops, many farmers choose to add this coverage. A Crop Hail policy can be purchased at any time during the growing season. Crop hail coverage can help protect the grower's investment and add peace of mind.

Rainfall Index

The Rainfall Index (RI) Pasture, Rangeland, Forage (PRF) insurance program is designed to provide coverage on your pasture, rangeland, or forage acres. This innovative program is based on a historical precipitation index.
The program is designed to give you the ability to cover replacement feed costs when a loss of forage for grazing or harvested for hay is experienced due to lack of precipitation. The Rainfall Index program insures the single peril of lack of precipitation based on National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center (CPC) Daily Precipitation Data.

All Your Crop Insurance Needs

Count on the experienced team at Lance Insurance to secure your crop insurance and peace-of-mind.