Multiple Peril Crop Insurance

Updated: 05 January 2025

What Does Multiple Peril Crop Insurance Mean?

Multiple Peril Crop Insurance (MPCI) is a type of insurance that offers coverage to farmers for a range of potential losses, including but not limited to:

Farmers who qualify in the United States can obtain Multiple Peril Crop Insurance through the Department of Agriculture.

Insuranceopedia Explains Multiple Peril Crop Insurance

Traditionally, Multiple Peril Crop Insurance (MPCI) provided financial protection to farmers only for natural perils, such as droughts and diseases. However, modern MPCI may also cover other perils that result in financial losses, such as low crop yields.

MPCI policies are offered through a public-private partnership between the federal government and private insurance companies. Companies authorized to offer this product are required to sell it to any qualifying farmer.

American farmers can benefit from a subsidy that makes purchasing MPCI more affordable.

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