Extension Agricultural Economics

Extension Agricultural Economics - Department of Agricultural Economics

Texas Multiple Peril Crop Insurance Facts

INSURANCE PROTECTION
Insures against loss in production due to insured multiple perils.

UNIT STRUCTURE
Basic/Optional

COVERAGE LEVEL ELECTION
50% level through 75% level.

NOTE: An administrative fee of $50.00 applies to limited buy-up policies and an administrative fee of $10.00 applies to additional buy-up policies. Catastrophic Coverage (CAT) is available. An administrative fee of $50 for CAT per crop, not to exceed $200.00 for the county or $600.00 per farmer for multi-county producers.

PRICE ELECTION
Price at which you are compensated per appropriate weight unit in the event of a loss.

Choice of 60 to 100 percent of the expected market price.

NOTE: The expected market price for specified crop will vary according to your geographic region.

GUARANTEE
APH Yield X Price Election X Level Election

Based on APH yield multiplied by expected market price.

RATING
APH Base Rate

LATE AND PREVENTED PLANTING
These provisions provide protection on acreage that is planted late or that cannot be planted by the final planting date or within the 25 day late-planting period. Please consult your crop insurance agent to determine eligibility factors.

POLICY PROVISIONS

    • 92B1 Crop Insurance Policy
    • 88-General Crop Insurance Policy
    • Catastrophic Risk Protection Endorsementz
    • “Specified Crop” Crop Insurance Policy
    • “Specified Crop” Crop Provisions
    • “Specified Crop” Crop Endorsements
  • County Actuarial Table – “Specified County & Crop”
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About Sherry Wegner

Sherry is state licensed in Property and Casualty Insurance. She also holds Life and Health Insurance licenses. Sherry is a member of the Crop Insurance Professional Agents and the National Association of Crop Insurers. She also sits on the Advisory Board for the American Association of Crop Insurers. In addition, she is actively involved in charity work through donations to 4H Kids. The Sherry Wegner Agency is a company which offers crop insurance services to farmers and ranchers. They offer a government regulated insurance program which is marketed through private industry. Sherry is responsible for managing all major aspects of the business, overseeing the daily operations, and meeting with farmers to review financials and production records.
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