Multiple Peril Crop Insurance (MPCI) provides comprehensive
protection against weather-related causes of loss and certain
other unavoidable perils. Coverage is available on over 76 crops
in primary production areas throughout the U.S. at 50 to 85
percent of the actual production history (APH) for the farm. An
indemnity price election from 55 to 100 percent of the Federal
Crop Insurance Corporation expected market price is selected at
the time of purchase. Minimum Catastrophic Risk Protection (CAT)
coverage is available for an administrative fee of only $100 per
crop per county. MPCI coverage provides protection against low
yields, poor quality, late planting, replanting costs and
prevented planting.
Yield Guarantee
The yield guarantee is the historical actual production history
(APH) yield times the level of coverage, times the insured
acreage, times the insured's share. The APH yield is determined
from producer production records for a minimum of 4, up to 10
consecutive crop years. For producers who provide less than 4
years of actual yields, variable Transitional "T" Yields
are used to complete the 4-year database. However, the
approved APH yield for producers who elect not to supply records
is limited to 65 percent of the applicable "T" Yield for
the first year the producer is insured.
Production To Count
Production to count is all harvested and appraised production
for the unit. Appraised production includes, but is not limited
to, production lost to uninsured causes, and mature unharvested
production (may be adjusted for quality deficiencies and excess
moisture).
Units
A unit is defined as that acreage of the insured crop in the
county which is taken into consideration when determining the
guarantee, premium, and the amount of any indemnity (loss payment)
for that acreage. The basic insurance unit is all insurable
acreage of the insured crop in the county on the date coverage
begins for the crop year in which the producer has a 100 percent
share or which is owned by one entity and operated by another
specific entity on a share basis. Basic units may be further
divided into optional units. Optional units are determined by
section, section equivalents, FSA Farm Serial Number,
noncontiguous land (for certain perennial crops) and irrigated and
non-irrigated practices. When the policy allows, optional units
may be established, provided the crop is planted in a manner that
results in a clear and discernible break in the planting pattern
at the boundaries of each optional unit, and the producer keeps
separate identifiable records of planted acreage and harvested
production for each optional unit.
Contract Changes
MPCI is a continuous policy and will remain in effect for each
crop year following the acceptance of the original application.
Producers may cancel the policy, a crop, a county, or a specific
crop in a specific county, after the first effective crop year, by
providing written notice to the insurance provider on or before
the cancellation date shown in the applicable crop provisions.
Producers must request policy changes from their insurance
provider on or before the sales closing date for a change of price
election or coverage level. In addition, requests to increase the
maximum eligible prevented planting acreage above the limitations
contained in the crop policy must be made by the sales closing
date for the applicable crop. Contract changes involving a
successor-in-interest application and corrections of a producer's
name, address, identification number, administrator, etc. may be
made at any time.
Reporting of
Acreage and Crop Damage
Each crop year the producer is required to submit an acreage
report by unit for each insured crop. The acreage report
must be signed and submitted by the producer on or before the
acreage reporting date contained in the Special Provisions for the
county for the insured crop. In the event of crop damage,
producers should immediately notify their insurance provider of
the damage.
Crop Availability
Crops covered by MPCI are as follows: almonds, apples, beans, blueberries, canola, citrus, citrus trees, corn, cotton,
cranberries, figs, forage, grain sorghum, grapes, livestock, macadamia nuts,
macadamia trees, millet, nursery, oats, onions, peas, peaches,
peanuts, pears, pecans, peppers, plums, popcorn, potatoes, prunes, raisins,
rice, rye, soybeans, stonefruit, sugar beets, sugarcane, sunflower seeds,
sweet corn, tobacco, tomatoes(fresh and processing), walnuts, and wheat.
Pilot Crop Programs(available in limited states and counties)
avocado, avocado trees, fresh market beans, cabbage, cherries, chile peppers,
cucumbers, clams, forage seed, millet, mint, mustard, rangeland, raspberry,
wild rice, silage sorghum, strawberry, sweet potato.
MPCI Benefits
MPCI benefits include cash-flow protection, good loan
collateral, added confidence when developing crop marketing plans,
stability for long-term business plans and family security. The
Government shares in the premium costs.
Where to Purchase MPCI
All MPCI insurance policies are available from Producers Ag Insurance agents.
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