Agriculture Insurance in Cape Girardeau, MO
Farmers in Missouri face a fair share of risks, from unpredictable weather to market fluctuations. Agricultural insurance may offer financial protection against risks that could reduce farm revenue or crop yields. If you’re still unsure about the different types of coverage available in the market, W. E. Walker-Lakenan Insurance is here to help you find the right policy for your needs.
What Is Agricultural Insurance?
Agricultural insurance is a type of insurance policy that may provide coverage to farmers against losses caused by covered risks such as crop diseases, pests and natural disasters. Policy offerings and coverage details may vary by state based on the types of crops grown and regional risks.
What Types of Agricultural Insurance Are Available in Missouri?
In Missouri, the following types of agricultural insurance may be available:
- Area Risk Protection Insurance (ARPI) may provide coverage based on average area-wide (county) yield or revenue losses rather than individual farm performance.
- Crop hail insurance may help cover damage to crops caused specifically by hail, often supplementing federal crop insurance policies.
- Revenue protection may protect against losses due to a decline in either crop prices, yield, or both, using projected revenue as a benchmark.
- Yield protection may offer coverage if actual yields fall below the guaranteed level due to covered perils like drought, disease, or pests.
Where to Get Agricultural Insurance
Contact W. E. Walker-Lakenan Insurance today for a personalized quote.