crop
Insurance

in arkansas

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Protect Your Livelihood

We’re all about community here at M&P, and that means helping our neighbors select insurance that protects their livelihood. We know how important our farmers are to the economy, and how important our farmers’ crops are to them. We also know that none of that would be possible if they lost everything during weather-related damage.

Weather-proof Your Business

Imagine the impact of a tornado, a severe hail storm, or persistent bad weather. Your crops and granaries are at risk of being destroyed by elements that are outside of your control. Don’t let weather put you at risk of losing your income and livelihood. Federal Crop insurance is now offered by insurers, as well as crop-hail policies as regulated by each state’s insurance department.

Insurance For Business

Serving the Needs of Arkansas Farmers for
Over a Century

If you arere one of our community’s farmers, make sure to come in and talk to us about adding crop protection to your insurance policy. Don’t wait – you never know what the weather will do tomorrow!

what is crop insurance?

We have all read the historic stories of one crop failure or severe storm wiping out everything a farmer has planted or stored. Livelihoods were lost, which led to the loss of homes, food, and life. In 1880, private insurance companies began to sell a specific insurance policy that would protect farmers from hailstorm damage. These were appropriately called “crop-hail policies.” They still exist, and have become regulated by each state’s governmental insurance department. In 1981, the Federal government began offering a regulated “multi-peril” crop insurance. As the name indicates, this protects against a wide variety of natural disasters
(fire, flood, drought, freeze, etc.). It also protects against possible revenue loss in case of price decline. This insurance is, of course, also regulated, and sold by private-sector crop insurance companies and agents. Premiums are regulated and established by the Federal Crop Insurance Corporation, giving you the peace of mind knowing your cost is constant. We have extensive experience with crop insurance and look forward to helping you have confidence that you will always be able to put food on your family’s table even if weather brings damage to your crops.

crop insurance facts

DID YOU KNOW

When multi-crop insurance began, only 45 million acres ($6 billion of crop value) were insured. A mere 37 years later, this number rose to 335 million acres ($110 billion of value covering 130 different crops).

DID YOU KNOW

Crop-hail policies have risen from a few back in 1880, to $36 billion of crop value being protected in 2018.

DID YOU KNOW

By instituting Federal crop insurance, farmers have protection when they need it most during circumstances completely out of their control. Without it, we may not have fresh food to put on our tables!

DID YOU KNOW

So we have the knowledge you need to feel confident that you will never be left high-and-dry during a disaster.
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