Coverages
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About MPCI
MPCI offers comprehensive protection through a production guarantee. MPCI also provides prevented planting and late planting protection. The Wheat or Barley Winter Coverage Endorsement is available for winter wheat and winter barley in counties with both fall and spring planting dates. (Late planting protection does not apply to acreage covered under this endorsement.)
MPCI Coverage
MPCI covers weather-related causes of loss and certain other unavoidable perils.
Yield Guarantee
The MPCI yield guarantee is the historical yield multiplied by selected level of coverage (50% to 85%, in 5% increments) and insured acreage. Coverage levels of 80% and 85% are not available in all areas.
Production to Count
The production to count is the actual production, plus any yield appraisals, less any adjustments for excess moisture or poor quality.
Loss Payment
To determine the loss payment, subtract production to count from the yield guarantee and multiply by the MPCI price election and ownership share.
Units
- A Basic Unit is all acreage of the crop in the county which the policyholder has 100% ownership or shares with the same person.
- Optional Units are divisions by sections or section equivalents (AR, LA, and MS units are only available by FSN), by irrigated or non-irrigated practices,
and by acreage grown under an organic farming practice. - An Enterprise Unit is all insurable acreage of the insured crop in the county, regardless of interest or persons sharing.
How It Works for Corn
Bushel Guarantee..........................120 Bu./A. X 75% X 100 A................ = 9,000 Bu.
Production to Count.......................25 Bu./A. X 100 A.............................. = 2,500 Bu.
Production Loss....................................................................................... 6,500 Bu.
Loss Payment................................6,500 Bu. X $2.20 price election..... = $14,300
Benefits of MPCI
- MPCI provides confidence for pre-harvest crop sales.
- MPCI provides stability for long-term business plans.
- MPCI aids in improved risk and financial management.
- The program provides a cash flow safety net.
- An MPCI policy acts as loan collateral.
MPCI Endorsements
- Coverage Enhancement Option (CEO)
- Freeze Date Extension for Hybrid Seed Corn (FE)
- Increased Germination for Hybrid Seed Corn (GM)
- Raisin Reconditioning (RR) - CA only
- Raisin Extra Expense (RE) - CA only
- Sugar Beet Replant (RS)
Crops Covered Under MPCI
| alfalfa seed | millet |
| almonds | mint |
| apples | mustard |
| avocados | nursery |
| bananas (fruit and trees) | onions |
| beans (canning and processing) | papayas (fruit and trees) |
| blueberries | peaches |
| cabbage | peanuts |
| canola | pears |
| cattle | peas (dry) |
| cherries | peas (green) |
| chile peppers | pecans |
| citrus | peppers |
| citrus trees | plums |
| coarse grains (corn, grain sorghum, soybeans) | popcorn |
| coffee (cherries and trees) | potatoes |
| cotton | prunes |
| cotton-extra long staple | raisins |
| cranberries | rice |
| cultivated clams | safflower |
| cultivated wild rice | silage sorghum |
| dry beans | small grains (wheat, barley, oats, rye, flax, and buckwheat) |
| figs | stonefruit (fresh and processing apricots, fresh and processing freestone peaches,fresh nectarines, and processing cling peaches) |
| Florida avocados | sugar beets |
| Florida fruit tree | sugarcane |
| forage production | sunflower seeds |
| forage seeding | sweet corn (canning and freezing) |
| grapes | sweet corn (fresh market) |
| grapes (table) | sweet potatoes |
| hybrid seed corn | swine |
| hybrid sorghum seed | tobacco |
| lambs | tomatoes (canning and processing) |
| macadamia nuts | tomatoes (fresh market) |
| macadamia trees | walnuts |
Note: This summary is for general illustration only. See policy for program details.
Updated:
02/04, 3/10
