Multi-peril crop insurance is an important risk management tool for farmers that protects crops against a number of key threats, including insect damage, weather events, and even fire. Below, Nebraska Crop Insurance Agency, the premier agricultural insurance provider in Beatrice, NE, discusses some of the key reasons farmers should invest in this type of coverage. The following information should help you decide if a policy of this sort is right for you.

3 Reasons to Purchase Multi-Peril Crop Insurance

1. Protect Your Investment

You’ve invested a great deal of time, money, and effort in planting your crops. It makes good sense to protect this investment against misfortune, especially since a single unfortunate event like a hailstorm or flood could wipe out your efforts. Crop insurance is an effective way to manage risk and protect yourself.

2. Enjoy Property & Financial Coverage

The threats of hail damage, drought, grasshoppers, corn cutworms, fire, and other types of crop damage can weigh heavily on your mind if you choose to remain uninsured; an uncertain financial landscape can do the same. Multi-peril crop insurance not only insures against the loss of the crop—it also protects against loss of revenue should the price of crops drop precipitously. 

3. Minimize Reliance on Federal Bailouts

Many U.S. farmers rely on the promise of bailouts from the federal government in the event of a drought or large-scale farming disaster. However, as anyone who's ever dealt with a government agency knows, bureaucratic red tape is frustrating, communication is difficult, and payouts are typically slow to arrive. However, with private crop insurance, you deal with a helpful, accessible local agent and payouts are much timelier.

As you can see from the above, the purchase of multi-peril crop insurance provides a variety of important benefits. To discuss your options, contact Nebraska Crop Insurance Agency in Beatrice, NE. They have been serving Gage and Lancaster Counties since 1981, and offer fast, friendly, responsive, and trustworthy service. Visit their Facebook page to connect with them online, or call (402) 223-2694 to receive invaluable guidance from an experienced professional.