The Crop-Hail insurance policies we provide are not part of the Federal Crop Insurance Program and are provided directly to farmers by private insurers.
Pasture, Rangeland, Forage
The Risk Management Agency’s (RMA) Pasture, Rangeland, Forage (PRF) Pilot Insurance Program is designed to provide insurance coverage on your pasture, rangeland, or forage acres.
Multiple Peril Crop Insurance
MPCI policies must be purchased prior to planting and cover loss of crop yields from all types of natural causes including drought, excessive moisture, freeze and disease.
Livestock Risk Protection
The Livestock Risk Protection Insurance Plan for Feeder Cattle (LRP-Feeder Cattle) is designed to insure against declining market prices.
Precision farming techniques can provide a great many benefits to you in many areas surrounding the proper insuring of your important assets. Click the button below to learn about some of those benefits.
Crop-Hail policies are not part of the Federal Crop Insurance Program and are provided directly to farmers by private insurers. Many farmers purchase Crop-Hail coverage because hail has the unique ability to totally destroy a significant part of a planted field while leaving the rest undamaged. In areas of the country where hail is a frequent event, farmers often purchase a Crop-Hail policy to protect high-yielding crops. Unlike MPCI, a Crop-Hail policy can be purchased at any time during the growing season.
MPCI policies must be purchased prior to planting and cover loss of crop yields from all types of natural causes including drought, excessive moisture, freeze and disease. Newer coverage options combine yield protection and price protection to guard farmers against potential loss in revenue, whether due to low yields or changes in market price.
Under the Federal Crop Insurance Program’s unique public-private partnership, there are currently 15 private companies authorized by the United States Department of Agriculture Risk Management Agency (USDA RMA) to write MPCI policies. The service delivery side of the program (writing and reinsuring the policies, marketing, adjusting and processing claims, training and record-keeping, etc) is handled by each private company. The program is overseen and regulated by the Risk Management Agency (RMA). The RMA sets the rates that can be charged and determines which crops can be insured in different parts of the country. The private companies are obligated to sell insurance to every eligible farmer who requests it and retains a large portion of the risk on over 80 percent of the policies written.
The federal government also subsidizes the farmer-paid premiums to reduce the cost to farmers. In addition, it provides reimbursement to the private insurance companies to offset operating and administrative costs that would otherwise be paid by farmers as part of their premium. Through this federal support, crop insurance remains affordable to a majority of America’s farmers and ranchers.
By combining the regulatory authority and financial support of the federal government with the efficiencies of the private sector, the crop insurance program has succeeded in meeting and even surpassing the goals set forth by Congress for broad participation, diversity and inclusion. By using the private sector, risk is shared among the private companies as well as the government.
The Livestock Risk Protection Insurance Plan for Feeder Cattle (LRP-Feeder Cattle) is designed to insure against declining market prices. You may choose from a variety of coverage levels and insurance periods that match the time your feeder cattle would normally be marketed (ownership may be retained).
You may buy LRP-Feeder Cattle insurance throughout the year from Risk Management Agency (RMA)- approved livestock insurance agents. Premium rates, coverage prices, and actual ending values are posted online daily. You may choose coverage prices ranging from 70 to 100 percent of the expected ending value. At the end of the insurance period, if the actual ending value is below the coverage price, you will be paid an indemnity for the difference between the coverage price and actual ending value.
The Risk Management Agency’s (RMA) Pasture, Rangeland, Forage (PRF) Pilot Insurance Program is designed to provide insurance coverage on your pasture, rangeland, or forage acres. This innovative pilot program is based on precipitation, Rainfall Index. This program is designed to give you the ability to buy insurance protection for losses of forage produced for grazing or harvested for hay, which result in increased costs for feed, destocking, depopulating, or other actions.
PRF is available in the 48 contiguous states with the exception of a few grids that cross international borders. The Rainfall Index will replace the Vegetation Index beginning in the 2016 crop year.
Coverage and Claims:
The Rainfall Index uses National Oceanic and Atmospheric Administration Climate Prediction Center (NOAA CPC) data and each grid is 0.25 degrees in latitude by 0.25 degrees in longitude, which translates to approximately 17 x 17 miles at the equator. You must select at least two, 2-month periods where precipitation is important to your operation. These periods are called index intervals. Your insurance payments are determined by using NOAA CPC data for the grid(s) and index interval(s) you have chosen to insure. When the final grid index falls below your “trigger grid index”, you may receive an indemnity. This insurance coverage is for a single peril, lack of precipitation. Coverage is based on the experience of the entire grid. It is not based on individual farms or ranches or specific weather stations in the general area.
ABOUT KENT CLARKE INSURANCE
The Clarke Insurance Agency was started in the early 1980's by Donald Clarke. He was involved in the Property and Casualty Insurance business in the beginning and later branched out to Crop Insurance. By 1987 his son, Kent Clarke, became involved in the Life and Health Insurance field. Kent eventually joined his father in the Crop Insurance business in the early 1990's. Over the years, the Crop Insurance business grew and in 2015 Kent's son, Ty, joined the Agency and became the third generation of Clarkes to be an agent at Clarke Insurance.
Many of the clients of Clarke Insurance are also third generation family farmers to be insured by the Clarkes. Don worked with the grandfathers, Kent with the sons and daughters and now over 30 years later, Ty is building relationships with the grandchildren of Don's original clients.
Kent D Clarke Insurance, Inc. is now solely specializing in the Crop Insurance business, both Crop Hail and Multi-Peril Crop Insurance. Times have changed over the years, both in farming methods and in Crop Insurance products and procedures. The agency is actively involved with 4 Crop Insurance companies. The agency offers everything from the simplest products such as Crop Hail Coverage to Livestock Risk Products. Reporting methods vary from the most basic to Precision Farming acreage and production reporting. Map-based acreage and production reports are available also.
Kent D Clarke Insurance, Inc. has been here for you in the past and will be here for you in the future. This is a locally owned and operated independent Crop Insurance Agency working for local friends and neighbors as well as customers in adjacent states.