Koepke Insurance Agency sells Multi-Peril Crop Insurance (MPCI) and Crop Hail Insurance through Rural Community Insurance Services, Farmer’s Mutual Hail and John Deere Risk Protection. Our mission is to maintain and improve the level of service to our clients and to fully protect the investment they have in their crops. Based on individual needs, we will help you select the right type and amount of insurance coverage to protect against those perils for which there is no control, such as: Adverse Weather, Fire, Insects, and Disease. Additionally, a crop hail policy will cover the following perils: Hail, Fire, Lightning, Vandalism and Malicious Mischief, Transit, Stored Grain, and Green Snap. Combining a good MPCI policy with a Crop Hail policy can provide the broadest crop protection that is available.
For more information on the following products, please contact us.
Yield Protection (YP) coverage provides protection against a loss in yield and guarantees a yield based on the individual producer’s actual production history. If the production to count is less than the yield guarantee, the insured will be paid a loss at a price established by the Chicago Board of Trade. *Replant and prevented planting coverage included
Revenue Protection (RP) provides coverage against loss of revenue caused by prices increasing or decreasing, low yields or a combination of the two. Coverage is based on the individual producer’s actual production history and the greater of the projected price or harvest price (which are both established by the Chicago Board of Trade). An indemnity is paid when the calculated revenue is less than the revenue guarantee for the crop acreage. *Replant and prevented planting coverage included
RP with the Harvest Price Exclusion (RP HPE) provides protection against a loss of revenue caused by price decrease, low yields or a combination of both. However, unlike RP, it is based on the projected price only and it does not increase based on the harvest price.
Group Risk Plan (GRP) is a low-cost yield-based program based on the experience of the county rather than the individual farms. Payment for an indemnity is issued the calendar year following the crop year insured, if the county’s yield falls below the trigger yield. Since it is not based on an individual’s actual production history, the insured may have a low yield on a farm and not receive a payment under GRP.
Group Risk Income Protection (GRIP) is similar to GRP in basing coverage on the county, but is based on yield and revenue. An indemnity is due when the county revenue is less than the trigger revenue. Again, like GRP, since it is not based on individual revenue, the insured may have a loss on their farm and not receive a payment under GRIP.
GRIP with the Harvest Revenue Option (GRIP HRO)GRIP HRO is like GRIP but with an added Harvest Revenue Option that offers “upside” harvest price protection. GRIP HRO will pay a loss when the county revenue is less than the trigger revenue which is calculated using the higher of the projected price or harvest price.