Multi Peril Crop Insurance (MPCI)
Gregory's Insurance has specialized in the Multi Peril Crop Insurance program for over 15 years. Gregory's represents strong companies backed by sound products. Gregory's Insurance believes that the Multi Peril Crop Insurance program is a risk management tool where family's lifestyle are preserved by avoiding financial interruptions.
Gregory’s Insurance has an experienced, knowledgeable staff to help you with all of your MPCI and Stand Alone Hail insurance needs. We understand that your crop insurance needs will differ from year to year as well as from crop to crop. We understand that protecting your crops is protecting your livelihood. Stop in or give us a call and we will be glad to sit down with you and assist you in finding the right crop insurance solution for your individual needs. We are your Hometown Professionals you can trust.
Gregory's Insurance has three crop insurance agents available that can offer crop insurance products that will improve profits in good years, provide cash flow, and stabilize long-term business plans.
Revenue & Yield Protection Plans
Revenue Protection Plan (RP) The Revenue Protection Plan replaces RA and CRC. This policy guarantees an amount of revenue (based on the individual producers actual production history (APH) x commodity price) called the final guarantee. The coverage and exclusions of RP are similar to those for the standard Yield Protection Plan (YP) policy. This guarantee is based on the greater of the spring-time generated price (projected price) or the harvest-time generated price (harvest price). While the guarantee may increase, the premium will not. Premium will be calculated using the projected price. Since the protection of producer revenue is the primary objective of RP, it contains provisions addressing both yield and price risks. RP covers revenue losses due to a low price, low yield, or any combination of the two. A loss is due when the calculated revenue (production to count x harvest price) is less than the final guarantee for the crop acreage.
Revenue Protection Plan with the Harvest Price Exclusion (RPHPE) This coverage is similar to RP in that the RP-HPE policy covers revenue losses due to a low price, low yield, or any combination of the two. In the event that the harvest price is higher than the projected price, the harvest price is not used to increase the revenue guarantee. The harvest price will only be used to calculate the final revenue.
Yield Protection Plan (YP) YP provides protection against a loss in yield due to nearly all natural disasters. For most crops, that includes drought, excess moisture, cold and frost, wind, flood and unavoidable damage from insects and disease. YP guarantees a yield based on the individual producers APH. If the production to count is less than the yield guarantee, the insured will be paid a loss.