Revenue Protection (RP) - These policies provide revenue protection based on price and yield expectations by paying for losses below the guarantee at the higher of an early season price or the harvest price. For more information, click here.
Yield Protection (YP) - These policies insure producers against yield losses due to natural causes such as drought, excess moisture, hail, wind, front, insects and disease. For more information, click here.
Catastrophic Coverage (CAT) - pays 55% of the established price of the commodity on crop losses in excess of 50%. Producers pay a $300 administrative fee for each crop in each county.
Crop Hail Insurance
This policy provides the grower protection against any yield reduction caused by hail and / or fire. The grower may elect to insure up to the full value of the crop. There are various deductibles available to allow the grower to partially self-insure for a reduced premium cost.
Crop Hail can be written 24 hours a day, 7 days a week and takes effect 2 hours after it is bound.
For more information or rates for crop hail please call Pam Sumpter 806-364-8052 (office) 806-683-9199 (mobile)
Pasture, Rangeland and Forage
Pasture, Rangeland and Forage (PRF) - This policy covers pasture, rangeland, or forage for haying and/or grazing. It offers coverage for a significant reduction in either the vegetative index or rainfall amount in a given geographic area (or grid) containing the insured property. It is NOT based on individual farms or ranches or specific weather stations in the general area.
Both grazing land and hay land utilized for forage production may be insured. The policy is based on the experience of each grid to determine indemnities rather than individual farms or ranches. It indemnifies the insured in the event a grid’s accumulated index (either vegetative or rainfall) is below the insured’s "trigger grid index" (coverage level multiplied by the expected grid index) for the period of insurance. This coverage is offered for landlords and tenants, as well as an owner/operators. For more information, click here.
This program provides coverage to acreage that is planted each year and grown for the use of grain/grazing, grazing/green chop, grazing, grazing/haying, green chop/haying, haying, and silage. This pilot program utilizes the Rainfall Index (RI) to correlate to this acreage. The Rainfall Index is based on weather data collected and maintained by NOAA's Climate Prediction Center. The index reflects how much precipitation is received relative to the long-term average for a specified area and time frame. For more information, click here.
Livestock insurance covers feedlot, pasture cattle and more. This policy is offered by The Hartford.