Crop Insurance: Frequently Asked Questions
Did You Know?
- You choose the counties and the crops to insure.
- Except for hail insurance, crop insurance rates are established by the Federal Crop Insurance Corporation (FCIC).
- Midwest Ag offers very competitive hail rates.
- You have the ability to insure only one crop. For example, you can insure all of your corn and not your soybeans.
- You must report all of a crop within each county you elect to insure. For example, if you have a corn policy in a specified county, you must insure all of your corn in that county.
- We will inform you of all policies available to you. The price per bushel is established from CBOT futures prices. Guarantees are based on your actual yields using a 4 year average, building to 10. You select the level of coverage that is best for your operation.
- Your policy needs may change from year to year due to ever-changing circumstances.
- Our agents are also actively involved in production agriculture.
- Crop insurance costs the same no matter what agent you buy from.
- If you are enrolled in the SURE program, be sure to let your crop insurance agent know.
- We use local adjusters.
Take time to get familiar with your crop insurance policy.
It could be the most important insurance policy you own.