Business

Crop Insurance Products

Benefits of Crop Insurance

  • Protects against production & risk for our row crop farmers
  • Allows farmers to forward price crops and compensates them for loss of production regardless of price.
  • Risk pooled among multiple farmers to maintain affordability
  • Government subsidies offered to farmers to offset a portion of the premium
  • Increased coverage levels offered for several crops
  • Protection for input costs and harvest values
  • If you have crop insurance you could be eligible for government programs
  • SURE
  • CAP

Coverage Plans

  • APH (MPCI)
  • CAT (Catastrophic Coverage)
  • YP (Yield Protection)
  • RP (Revenue Protection)
  • RP HPE (Revenue Protection with Harvest Price Exclusion)
  • GRIP (Group Risk Income Protection)
  • GRP (Group Risk Plan)

Yield Protection

  • Protects for “Production Only” loss
  • Must be under bushel guarantee for loss payment
  • Allows insured to elect less than 100% of price
  • Only plan that allows CAT coverage
  • Price is established through a price discovery period

Revenue Protection

  • Guarantee based on the higher of the projected or harvest price
  • At loss time, production to count will be multiplied by the “Harvest Price”
  • Price Discovery period is used to establish both the projected and harvest price
  • Must use 100% of price

Revenue Protection with Harvest Price Exclusion (RPHPE)

  • Guarantees based on the projected price only
  • At loss time, production to count will be multiplied by the “Harvest Price”
  • No upside price protection
  • Price discovery period used to establish both the projected and harvest price
  • Must use 100% of price

CAT Coverage

  • Only a 50% level at 55% of price
  • Production coverage only
  • No replant coverage
  • $300 administrative fee per crop per county

Crop Hail Insurance

  • Doesn’t just provide coverage for hail
  • Most cover
  • Hail
  • Fire & Lightening
  • Transit coverage
  • Fire department service charge
  • Vandalism & malicious mischief
  • Stored crops
  • May add additional endorsements
  • Wind Endorsement
  • There are different policies the farmer can purchase based on the level of coverage they choose

Why choose us?

  • We put our customers first
  • We are more hands on help to do what’s best for the customer
  • We provide additional things other insurance agencies may not
  • Mapping of farms
  • Disaster program calculations
  • SURE/CAP
  • We continue to go to as much continuing education as we can to learn more and better serve our customers
  • We have genuine interest in selling the right product to our customers, not the most expensive


Insurance products are not insured by any Federal Government Agency (Except for Federal Crop and Flood Insurance) – not a deposit – not FDIC Insured – not guaranteed by the bank – may go down in value (if there is a risk of losing the principal payment amount). 


BankIowa Crop Insurance is a department of BankIowa. In accordance with Federal law and U.S. Department of Agriculture (USDA) policy, this institution is prohibited form discriminating on the basis of race, color, national origin, sec (in education and training programs and activities), age, disability, or retaliation. (Not all prohibited bases apply to all programs).