We know that farmers have a lot on their minds, which is why MG Insurance works hard to make crop insurance easy. We offer farm and crop insurance from Silveus, NAU Country and Famers Mutual Hail to meet your needs.
Featured Farm and Crop Insurance Products
Let’s take a look at some of the most common farm and crop insurance products that our customers in Minnesota, North Dakota, and South Dakota have purchased. The featured crop insurance products include Crop Hail Insurance, PriceFlex, Increased Coverage Election (ICE), and Base Price Modifier (BPM).
Crop Hail Insurance
PriceFlex (PF) is a private insurance product offered through Silveus Insurance Group that allows producers the opportunity to lock in higher prices today for next year’s crop insurance.
- No out-of-pocket cost until next harvest
- Available for corn, soybeans, wheat, and cotton
- Can be purchased 18 months before harvest
Increased Coverage Election (ICE)
The intent of the Increased Coverage Election (ICE) policy is to allow you the opportunity to supplement the yield protection through either increasing the price election selected on an applicable underlying Multiple Peril Crop Insurance (MPCI) policy or supplement the MPCI coverage with additional coverage against yield loss and/or revenue loss within a selected coverage band. The combined value of the supplement coverage provided by the ICE policy and coverage provided by the applicable MPCI policy may not exceed the value of the Actual Production History (APH) multiplied by the MPCI price election. Available with corn or soybeans.
Base Price Modifier (BPM)
The Base Price Modifier (BPM) policy allows growers the opportunity to supplement their price election selected on the applicable underlying eligible plan of insurance. The price election selected at the time of application will not increase regardless of changes to the underlying MPCI policy. The BPM policy begins paying the supplemental amount per unit of measure when a covered production loss occurs and the production-to-count is less than the MPCI production guarantee based on the unit structure elected for the BPM policy.
Christian Ochsendorf, Owner of MG Agency in Willmar, MN, specializes in Crop Insurance and works with several different companies including Silveus, NAU Country and Famers Mutual Hail. He would love to meet with you to review the many Crop Insurance products that are available to fit your farm’s unique needs. You can reach him at firstname.lastname@example.org or 320-235-9394 or fill out this simple form.