Manage Your Risk with Crop Insurance
When production is low or damaging weather like floods, drought, hail or wind storms come along, it is devastating to your crop and your bottom line. Crop insurance is a risk management tool that protects you like placing a safety net under cash income so you can financially meet both your personal and business obligations.
As the experts in rural financing, our staff has over 25 years of policy writing experience. No two operations are the same, so you need policy designed with your operation in mind. We are more than simply your agent; we are a resource for you and a consultant on your team.
Through multiple insurance providers, we have access to systems that allow you to compare several coverage levels to pick the one that best suits your farm operation.
HERE'S WHY YOU NEED CROP INSURANCE IN 90 SECONDS.
Horizon offers the following types of crop insurance:
Our Yield Protection (YP) policy insures producers against production losses due to a covered cause of loss such as drought, excessive moisture, hail, disease or wildlife. YP policies also provide replant, late planting, and prevented planting coverage. The producer selects the percentage of their average yield they would like to insure ranging from 50-85%. A loss would occur when the harvested yield is less than the guaranteed yield on the policy as the result of a covered cause of loss.
Our Revenue Protection (RP) policy offers the same coverage as a YP policy with the addition of up or downside price protection. Both plans utilize the CBOT to establish the projected and harvest prices.
ADDITIONAL COVERAGES AVAILABLE
- Livestock Gross Margin (LGM)
- Pasture, Rangeland & Forage (PRF) Hail policies
- Organic crops, orchards, vineyards, nurseries, processing, and/or fresh market vegetables, tobacco, livestock risk protection
While these are just a few types of policies we can use, there are many other options available to help us tailor a policy that will address your operation’s unique needs.
Horizon Farm Credit is proud to partner with Rain and Hail LLC, QBE NAU, and Rural Community Insurance Services (RCIS).