Crop Insurance in Knoxville, Madisonville & Kingston, TN

Farmers and growers depend on crop insurance to help support their financial well-being when unexpected covered events cause low yields or destroy their crops. The U.S. government works with private crop insurance providers to offer crop insurance, including multiple peril crop insurance, crop-hail insurance and crop revenue insurance. 

Approved insurance providers (AIPs) work with independent insurance agents like The Mike Dyer Agency in Knoxville, Dayton, Madisonville and Kingston, Tennessee, to provide access to crop insurance. Contact us today to get a personalized quote. 

What Is Crop Insurance?

There are three main types of crop insurance: 

• Multiple peril crop insurance (MPCI) covers losses caused by natural events that lead to lower yields, including disease, destructive weather, fire, drought, flooding and insect damage.
• Crop-hail insurance covers high-yield crops and is not part of the Federal Crop Insurance Program. You must purchase this coverage from a private insurer.
• Crop revenue insurance helps support farmers when crops have a low yield or the price of the crop is low. 

What Does Crop Insurance Cover? 

Crop insurance provides financial protection for the insured grower, rancher or farmer if they incur covered losses during the crop year. There are more than 100 insurable commodities, including: 

• Crops not planted annually, such as citrus or apples
• Livestock, such as cattle, pigs, chickens or lambs
• Perennials
• Crops, such as corn, soybeans and wheat
• Apiculture (beekeeping)
• Pasture
• Oysters
• Rangeland 

What Does Crop Insurance Not Cover? 

Crop insurance doesn't cover every peril growers and farmers face. A typical crop insurance policy may exclude coverage for losses due to failure to follow good farming practices, fire, negligence or damage from pesticide drift. 

How Is Crop Insurance Calculated?

Crop insurance terms, conditions and rates are set by the Federal Crop Insurance Corporation (FCIC). Crop insurance prices are consistent across the agricultural industry. 

The FCIC sets crop insurance rates using the following formula: 

Insured acres x per acre guarantee (this figure is larger than the insured's individual expected yield, figured from the continuous previous years of acreage and production) 

The insured farm or entity must purchase insurance for each acreage of cropland they have a share in or own inside the county. The liability amount stated in the policy is paid to the insured entity if there is zero yields during a season. 

Get Crop Insurance Today 

Contact The Mike Dyer Agency to get a crop insurance policy for your farm or ranch today.