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  • Writer's pictureShore-Murphy & Associates Insurance

Understanding MPCI Crop Insurance for Corn and Soybeans in Illinois

Updated: Jul 2

Agriculture is the backbone of Illinois, with corn and soybeans being the primary crops driving the state's economy. However, farming is fraught with uncertainties, ranging from unpredictable weather patterns to market fluctuations. To mitigate these risks, farmers often turn to Multi-Peril Crop Insurance (MPCI), a vital tool that provides financial security in the face of unforeseen challenges.


What is MPCI?


MPCI is a federally subsidized insurance program designed to protect farmers against the financial losses caused by natural disasters, such as droughts, floods, hailstorms, or other weather-related events. In Illinois, where corn and soybeans are major crops, MPCI plays a crucial role in safeguarding farmers' livelihoods.


Key Components of MPCI for Corn and Soybeans:


  1. Coverage Options:

  2. Yield Protection:

  3. Revenue Protection:

  4. Prevented Planting Coverage:

  5. Timely Planting:

  6. Federal Subsidies:


MPCI crop insurance serves as a vital risk management tool for corn and soybean farmers in Illinois. By offering flexible coverage options, protection against various perils, and federal subsidies, MPCI enables farmers to navigate the uncertainties of agriculture with greater confidence. As the agriculture landscape continues to evolve, understanding and embracing MPCI becomes increasingly essential for sustaining the prosperity of Illinois’ farming communities.


There are also supplemental coverages that can be added on the base MPCI policy. Supplemental Coverage Option (SCO) and Enhanced Coverage Option (ECO) serve as valuable additions to crop insurance policies, offering farmers in Illinois enhanced protection at the county level. Alongside these, standalone wind and hail policies can be added to address specific perils such as high winds and hailstorms, offering targeted protection against yield losses. By strategically combining these supplements, farmers can create a robust risk management framework tailored to the dynamic challenges of corn and soybean cultivation in Illinois.


Shore-Murphy has three agents who are licensed in federal crop insurance. Jason Huddlestun, Jeff Murphy, and Dru Shotts all come from a farming background and still stay involved on the farm today. We serve a variety of counties in the East Central Illinois area. If you have any questions about your current MPCI/wind and hail policy, whether we serve that policy or not, we are available and more than willing to address those questions to help you find the best risk management for your operation.


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