Products and Services

Whether your organization is engaged in farming, packing, processing, or distribution, we provide products and services to meet all your risk management needs.

CROP INSURANCE COVERAGE AVAILABLE

MPCI covers crop losses, including lower yields, caused by natural events, such as:

Destructive weather (hail, frost, damaging wind)
Disease
Drought
Fire
Flooding
Insect damage

MPCI is federally supported and regulated, and is sold and serviced by private-sector crop insurance companies and agents.

More than 90 percent of farmers who buy crop insurance opt for MPCI. Both the cost of insurance and the amount an insurer will pay for losses are tied to the value of the specific crop. MPCI is available for more than 120 different crops, though not all crops are covered in every geographic area.

MPCI policies must be purchased each growing season by deadlines established by the federal government—and before a crop is planted. If damage occurs early enough in the growing season, the policy may include incentives to replant—or penalties for not doing do.

Pasture, Rangeland, and forages cover approximately 55 percent of all U.S. land. Forage grows differently in different areas, so it’s important for farmers and ranchers to know which types and techniques work best for their region. The following insurance program is available for Pasture, Rangeland, and Forage (PRF). Also see livestock policies or PRF NAP Table.

Rainfall Index

Rainfall Index (RI) 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 timeframe. Additional information on NOAA CPC’s interpolation and quality control process can be found in NOAA CPC’s Conceptual Description Paper.

County Availability
RI Basic Provisions (Aug 2021)
Crop Provisions (Aug 2021)
Insurance Standards Handbook (Aug 2021)
Grid ID Locator, Decision Support Tool, Historical Indices

: Crop Insured
Pecans are insurable in Alabama, Arizona, Florida, Georgia, Mississippi, New Mexico, Oklahoma, and Texas.
For pecan acreage to be insured, the trees must be grown in an orchard that is a minimum of 1 contiguous acre. Insurable trees must have produced a minimum of 600 pounds of in-shell pecans per acre in at least 1 of the previous 4 crop years, except that some states may allow a lower minimum production amount for native pecan trees through the special provisions. You must also insure all the pecan acreage (in which you have a share) in the county where your pecans are grown for harvest. If pecan revenue insurance is not available in your county or your acreage does not meet the minimum insurability requirements, you may be able to get insurance through a written agreement. Please contact an insurance agent or your RMA regional office for more information.

Causes of Loss

You are protected against the following:

Adverse weather conditions from natural perils such as hail, frost, freeze, wind, drought, and excess moisture;
Decline in price;
Failure of irrigation water supply, If caused by an insured peril during the insurance period;
Fire, unless weeds and undergrowth are not controlled or unmulched pruning debris is not removed;
Insects, but not damage due to insufficient or improper application of control measures;
Plant disease, but not damage due to insufficient or improper application of control measures; or
Wildlife, unless wildlife control measures have not been taken.

Insurance Period: Pecan insurance coverage is available only in two year modules. You must stay in the program for at least two consecutive years. You must apply for coverage with a crop insurance agent before January 31 to insure the crop you plan to harvest in both years. Coverage begins on February 1 of each crop year. In the year that you apply, we will inspect all your pecan acreage and will notify you if we accept or reject your application no later than 30 days after the sales closing date.
All policies automatically renew after the end of each two year coverage module unless you notify your crop insurance agent in writing that you want to cancel coverage by the January 31, cancellation date.

Important Dates: Sales Closing/Cancellation ….…………….. January 31
Acreage Report Due ………………………… March 15

Insurance Guarantees, Coverage Levels and Premium Subsidies

The coverage level, premium rate, and insurance amount (guarantee) remain the same for each year in the two year coverage module. The guarantee is based on your approved average revenue per acre. Your approved average revenue per acre is determined from your average gross sales of pecans per acre for the most recent four to six years. If you do not have production records for at least four years, you will be assigned a transitional revenue yield (T-Revenue).Indemnity payments are calculated for each year individually.

You can choose a coverage level from 50 to 75 percent of your approved average revenue, or Catastrophic Risk Protection (CAT) coverage based on 27.5 percent of your approved average revenue.

Unit Division: Enterprise Units – Generally, include all insured crop acreage in a county. Premium discounts apply. To qualify for an enterprise unit, you are required to have at least two parcels of non-contiguous land and at least two of the parcels must contain at least the lesser of 20 acres or 20 percent of the insured crop acreage in the enterprise unit.
Basic Units – Include all of your insurable pecan acreage in the county by share arrangement. Premiums are reduced for a basic unit.
Optional Units – If a basic unit consists of two or more parcels of non-contiguous land, you provide separate production records for at least the most recent consecutive two crop years, and you meet record keeping requirements, you may apply for optional units. Optional units must be chosen and identified on the acreage report by the acreage reporting date of the first year of the two year coverage module. Premium discounts will not apply.

Exclusions: Certain pecan varieties may be excluded from insurability through the Special Provisions of Insurance if they are found to be unproductive or an incompatible pollinator. Direct-marketed pecans and pecans grown on trees that have been hedged are not insurable unless allowed by the Special Provisions or written agreement. Please talk to your insurance agent for more details.

Prices: Revenue-to-count is determined using the price you receive for your pecans. Excluding pecans sold under contract, the price you receive will be equal to or greater than 95 percent of the lowest USDA Agricultural Marketing Service (AMS) price, or if AMS prices are not published for the week you sold your pecans, the price you receive will be equal to or greater than 95 percent of the lowest price offered by buyers in the area you normally market your pecans. However, if the price you received is not verifiable by sales receipts or you directly marketed your pecans, the market price will be used. The market price is based on the average price published by AMS, or if AMS prices are not available for the week you sold your pecans, the market price will be based on the average price offered by buyers in the area you normally market your pecans.

Loss Example: Assume you have chosen a 65 percent coverage level and you have average approved revenue of $1,280. Due to an insured cause of loss, you only produced 800 pounds per acre in the 2014 crop year with an average price of $0.75 per pound equaling $600 per acre.

Apiculture: The Risk Management Agency’s (RMA) Apiculture Pilot Insurance Program (API) provides a safety net for beekeepers’ primary income sources — honey, pollen collection, wax, and breeding stock. Apiculture systems consist of different types of plants or crops and often contain mixtures of different species, each with different growth habits and seasons, precipitation requirements, and other climate conditions necessary to maintain plant growth over extended periods of time. API was designed to provide maximum flexibility to cover these diverse situations.
The Rainfall Index uses National Oceanic and Atmospheric Administration Climate Prediction Center (NOAA CPC) data, which utilizes a grid system. Each grid is 0.25 degrees in latitude by 0.25 degrees in longitude, which translates to approximately 17 by 17 miles at the equator. Colonies will be assigned to one or more grids based on the location to be insured.

Availability: API is available in the 48 contiguous states with the exception of grids that cross international borders.

Coverage and Claims: Coverage is based on your selection of coverage level, index intervals, and productivity factor. The index interval represents a two-month period, and the period you select should be the one when precipitation is most important to your operation.
You may select a coverage level from 70 to 90 percent.
You select a productivity factor to match the amount of protection to the value of the production that best represents your operation and the productive capacity of your colonies. You do not have to insure all your colonies. However, you cannot insure more than the total number of colonies you own.
By selecting a productivity factor, you can establish a value between 60 and 150 percent of the county base value, which is based on honey production and uses a five-year rolling average of USDA National Agricultural Statistics Service (NASS) data. The yield data are based on the NASS state average, and the price is the national average honey price for a given year.
Your insurance payments are determined by using NOAA CPC data for the grid(s) and index interval(s) you have chosen to insure. When the final grid index falls below your “trigger grid index”, you may receive an indemnity. This insurance coverage is for a single peril, lack of precipitation. Coverage is based on the experience of the entire grid; it is not based on an individual farm or ranch or specific weather stations in the general area. You can find more detailed information on the NOAA website.