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Crop Insurance

YIELD BASED COVERAGE

Multi-Peril Crop Insurance (MPCI) – provides protection against losses from a number of uncontrollable causes. MPCI is the most popular insurance coverage due to its flexibility in level and price.

Catastrophic (CAT) – Provides the minimum coverage amount on a MPCI policy. For a $100 fee, producers can buy a minimum insurance coverage based on 50% of the producing operation's average yield at 55% of the FCIC established prices.

Group Risk Plan (GRP) – Recommended for farmers whose yield history closely tracks the county or parish history because protection is based on the yield experience of the county rather than their individual farms.

REVENUE INSURANCE PLANS

Crop Revenue Coverage (CRC) – Provides farmers with a revenue guarantee based on their approved yield and current market price. Protects against losses resulting from a decrease in market price, a loss of production or combination of the these. While CRC provides several advantages over traditional crop insurance policies, the real benefit comes when it is incorporated as an integral part of the producer's marketing plan.

CRC can be an effective risk management tool by providing farmers with an established revenue guarantee per acre. Farmers may more proactively market through the growing season when prices are usually higher, knowing that CRC provides the revenue guarantee to cover bushels committed in forward pricing their crop or when using other market options.

Revenue Assurance (RA) – Available for selected states and crops, this policy provides protection against revenue losses resulting from any combination of low market prices or low production yields. RA is available in certain states.

The CRC prices set in Oklahoma and West Texas in the counties we write in are shown in this chart, and other counties set on other Boards of Trade.
Crop Revenue Coverage -- Price Format
Board of Trade Base Price Harvest Price
Wheat Kansas City July Wheat Traded from
August 15 to September 14		 July Wheat Traded in the
Month of June
Cotton New York Cotton Exchange December Cotton Traded from
January 15 to February 14		 December Cotton Traded in the
Month of November
Corn Chicago December Corn Traded in the
Month of February		 December Corn Traded in the
Month of October
Grain Sorghum Chicago December Corn (95%) Traded
in the Month of February		 December Corn (95%)
Traded in the Month of October
Soybeans Chicago November Soybeans Traded in the
Month of February		 November Soybeans Traded in the
Month of October
Revenue Assurance … (Oklahoma Only!)
Board of Trade Base Price Harvest Price
Wheat Kansas City July Wheat Traded from
August 15 to September 14		 July Wheat Traded July 1 to July 14
Cotton
OK Only		 NY Cotton Exchange December Cotton Traded from
January 15 to February 14		 December Cotton Traded in the
Month of November

At the Fowler Agency we strive to provide the highest level of service in crop insurance. We understand farming. We know you can't always control the power of Mother Nature, but you can protect your family's financial security with crop insurance.

CROP HAIL OVERVIEW

You know that five minutes of hail can wipe out an entire years income. The Crop Hail policy through our agency provides protection against loss to the crop from hail. This policy supplements the coverage provided by an MPCI policy. Crop Hail provides coverage on an acre by acre basis.

Crop Hail* 2 hour binding, competitive rates.
Additional perks = call for specific details according to crops and states of TX and OKLA

Crop Hail Auto-Crop through our agency offers the convenience of allowing the Crop Hail policy to be completed based on the MPCI acreage report for the crop. With Crop Hail Auto-Crop, your Crop Hail coverage becomes a continuous policy that remains in effect until it is canceled. Simply review your insurance per acre coverage and policy form each year and if there are no changes, no other paperwork is required.

Grain Fire* – Protects an un-harvested crop against loss due to fire or lightning. Also covers transit losses. (Oklahoma Only)

*Sold in addition to MPCI policy

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