Crop Insurance
Insure your crops, livestock and forages with people who truly know your operation.
MFA offers crop insurance as another way to serve you. As a central pillar of risk management, crop and livestock insurance is a standard part of your business. We already know your operation, and now have the capability to help you efficiently manage agronomic and risk-management planning for the coming year.
Protect your legacy
When it comes selecting crop insurance, human connection is important
More than row crops
If you raise forages and livestock, these insurance options should be considered along with other risk management strategies
When it comes to forages, particularly those produced for grazing, standard crop insurance products are generally not an option due to difficulties of quantifying price and yield. That’s where Pasture, Rangeland, and Forage (PRF) insurance comes into play. This federally reinsured product allows producers to insure acreage used for grazing and haying. PRF provides protection against a single peril—lack of precipitation. Producers may select from various coverage levels, productivity factors and two-month index intervals to personalize their plan (they are required to select at least two 2-month intervals). The Rainfall Index program uses data from the National Oceanic and Atmospheric Administration to determine precipitation levels. When the final grid index falls below the trigger grid index, producers may receive an indemnity.
Livestock Risk Protection (LRP) insures your herd against a decline in market price. This federally reinsured product provides protection when the national cash price index, as reported by the Chicago Mercantile Exchange (CME), falls below the price coverage level. Producers may select from a variety of coverage and insurance periods to match the time animals would normally be marketed. This insurance may be purchased throughout the year. Premium rates, coverage prices and actual ending values are posted online daily. LRP does not insure against death, loss or poor performance. At the end of the insurance period, if the actual ending value is below the coverage price, an indemnity will be paid for the difference. Examples of livestock that can be protected under LRP are feeder cattle, fed cattle and swine.
How many of these questions can you answer about your crop insurance?
Knowing the ins and outs of your policy could be the most important aspect of your farming operation this year
These are 10 valuable things to know about how your policy works:
- How is your actual production history determined?
- How is the value per bushel guarantee established?
- How is my guarantee affected when the prices fall at harvest time?
- When does my insurance coverage end?
- What if I lose a complete field to a covered loss? How will I be paid?
- What if I can’t get all my fields planted?
- What if I can’t get all my fields harvested?
- Am I utilizing my crop insurance in the manner it was designed? Am I maximizing marketing opportunities?
- How much of my crop am I self-insuring?
- Is my coverage structured in a manner that allows me to withstand a catastrophic year?
These and many more questions can be answered when you have an agent who takes the opportunity to contact you for a consultative appointment. Find an MFA Crop Insurance Agent who serves your area in the list below.
| Crop Insurance Agent | Location | Phone Number |
|---|---|---|
| Mike Smith | Principal Agent, Districts 7, 8 and 9 | 573-825-0493 |
| Blake Beahler | St Joseph, MO | 816-344-0858 |
| John Bray | Ozark, MO - Livestock Specialist | 417-926-2827 |
| Cory Clermont | Martinsburg, MO | 573-823-0613 |
| Daniel Fosnow - Livestock | District 5 - Jefferson City, California & Versailles | 573-239-7598 |
| Taylor Gilmore | Districts 3, 6 and 10 | 573-476-7440 |
| Jacqueline Hatfield | Leon, Iowa | 515-851-8804 |
| Nathan Koon | Trenton, MO | 660-654-3027 |
| Nathan Oglesby | Glasgow, MO | 660-728-2252 |
| Colton Steele | District 10 sales | 573-239-1278 |
| Blake Thomas | Districts 1, 2, 4 and 5 | 573-823-4054 |
| Davis Washburn | Hepler, KS | 660-605-2221 |
| Adam Wiederholt | Maryville, MO | 660-254-1119 |
Important Crop Insurance Deadlines
Producers must report the number of acres of each insured crop that they have actually planted by this date or within three days of when they abandon their intentions to plant it. For crops planted after the final planting date, the number of acres planted on each day must be reported. All acres of an insurable crop in which they have an interest must be reported, whether the acres are actually insured or not.
For fall-seeded wheat in Missouri, this is the last date to apply for crop insurance coverage for any of the various Federal Crop Insurance Corporation (FCIC) policies or make changes in coverage from the previous year. Growers need to decide by this date on the type of policy and the level of protection they want.
This the deadline to enroll for this insurance before the calendar year being covered. A producer using PRF insurance must select coverage for either grazing or haying purposes.
This is the last date to apply for crop insurance coverage for any of the various Federal Crop Insurance Corporation (FCIC) policies, or make changes in coverage from the previous year. Growers need to decide by this date on the type of policy and the level of protection they want. The sales closing date varies by crop and by state. Private crop hail insurance policies can often be purchased throughout the growing season, however.
This is the date to submit the most recent crop production records used to recalculate the actual production history (APH) yield. The production reporting date is usually 45 days after the policy cancellation date. If the acreage reporting date (for the following year) is earlier than this, then that is also the last production reporting date.
The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and applicants for employment on the basis of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or all or part of an individual’s income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities).
Have a question about MFA services?
If you have a question related to one of our services, send us a message here. We will direct it to the appropriate expert and get you an answer. If you have specific questions about availability or pricing at your MFA retail store, contact your MFA representative or use our Store Locator to find information for the location nearest you.