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Multi-Peril Crop Insurance (MPCI) insures a drop in or loss of yields from several types of natural perils. These covered perils include drought, hail, excessive moisture, freeze, fire, insect damage and disease. Additionally, endorsements can be added to broaden certain areas of coverage within MPCI.
Initially established to help the agricultural industry recover from the impact of the Great Depression and the Dust Bowl, MPCI has insured farmers since 1938. Producers must purchase coverage by March 15 for spring-planted crops and September 30 for fall-planted crops.
Spring crops covered by MPCI in the Eastern New Mexico/West Texas area include grain sorghum, cotton, corn, silage sorghum, soybeans, dry beans, hemp, and peanuts. Fall crops covered by MPCI in the Eastern New Mexico/West Texas area include wheat, triticale and barley.
Our agents specialize in helping producers consider the level of coverage, cost of premiums, farm bill changes, and endorsement options to find the best possible insurance policy for their operation.
The Risk Management Agency (RMA) is an excellent source for information regarding Multi-Peril Crop Insurance. Check out their website by clicking the button below.