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Cornerstone Ag Services is an insurance agency that only does crop insurance. Focusing specifically only on crop insurance allows Cornerstone Ag Services to act as experts in the crop insurance field.

Cornerstone Ag Services also likes to to the extra mile when it comes to service. For example, we will not only assist in putting together your production information, but will also readjust for things like moisture and other items that may make a big impact on their proven yield.

(Federal Crop Insurance)

Multi-Peril Crop Insurance (MPCI) is the general name given to crop coverage provided through the Federal Corp Insurance Corporation (FCIC). The Federal Crop Insurance Corporation  is a wholly owned government corporation managed by the Risk Management Agency of the United States Department of Agriculture.

MPCI is implemented through private insurance companies with the Standard Reinsurance Agreement (SRA). The SRA establishes the terms under which FCIC provides reinsurance and subsidies on eligible crop  insurance contracts sold by the insurance company.

Independent licensed agents that are appointed through private insurance companies sell and service the MPCI policies to farmers.

Most MPCI policies provide coverage for loss of production due to natural weather related perils. There are also different plans of insurance that combine yield and price coverage. These products cover loss in value due to a change in the market prices during the insurance period in addition to the perils covered by the standard loss of yield coverage. Coverage is generally available from the 50-85% levels of a grower’s actual production history.

Crop insurance policies also typically cover for the other adverse events, such as the inability to plant or excessive loss of quality due to adverse weather. These types of coverage vary by crop due to the difference in the crop’s individual natures. The MPCI policy is very complex with many options and guidelines.

Multi-Peril Crop Insurance is considered a grower’s main basis for their crop risk management.

Many individual insurance companies offer various private additional add-on/named peril products. These provisions and rates vary by company.

Cornerstone Ag Services will work with you to put together an insurance package that best fits your operation's needs.

Don’t underestimate the importance of crop hail coverage. A hail storm can turn a beautiful crop into total devastation very quickly. Hail is the one thing that can totally destroy a part of your crop and leave the rest undamaged.

The loss of crop yield caused by hail damage may be less than the deductible of your federal crop insurance policy or it may not lower your yield enough for a revenue insurance policy to protect your profits. Crop hail insurance can fill that gap. While federal crop policies protect you against losses severe enough to significantly drop the yield per insured unit, crop hail insurance gives you acre-by-acre protection. You can also buy additional crop hail coverage during the growing season (prior to damage) to protect added profit potential for bumper crops yields or higher-than-normal crop values.

Your crop hail policy may also provide additional coverage for other things besides hail. Many crop hail policies include coverage for fire and lightning, transit, replanting cost, wind, vandalism, malicious mischief, and storage grain coverage.

Even if your frequency of hail damage is low, remember that crop hail coverage is rated for your area. It is an inexpensive way to protect against hail damage.

Crop hail policies and rates vary by company. Cornerstone Ag Services will help you put together an overall crop insurance package that will best fit your needs.