Actor and humorist Will Rogers once said, “The farmer has to be an optimist or he wouldn’t still be a farmer.” It’s true, farming can seem like a gamble that depends a lot on the weather, consumer tastes, and other variables. With your family’s livelihood at stake, it just makes sense to take a few extra – and very important – steps to protect your crops, your equipment, and your financial future. That’s where crop insurance comes in. At Basi Insurance Services, we work closely with growers throughout the Oakdale, California, region to create policies that cover their specific needs, no matter how unique or complex they may be. With almond harvest season just around the corner, now’s a great time to review your policy.
What does crop insurance cover?
Crop insurance is designed to provide full coverage protection for agricultural businesses, and depending on your operation and your needs, several policy types are available, including:
- Whole farm revenue protection: This crop insurance plan provides a safety net for all your crops and commodities, making it an ideal choice for growers with multiple types of crops, including specialty crops. Whole farm revenue protection policies protects against a loss of earnings as well as a loss of anticipated earnings that wind up being lost due to crop damage or other disasters. Plus, if you grow or produce two or more types of crops or commodities, you may qualify for a subsidy equal to as much as 80% of your premiums, making this an especially affordable type of crop insurance.
- Actual production history (APH): APH insurance has been around for a long time – in fact, it’s the oldest type of federal crop insurance plan available today. APH policies policies guarantee a yield based on your production history, and they provide protection against production losses due to virtually every type of unavoidable, natural event.
- Actual revenue history (ARH): ARH policies are based on your revenue history. Losses occur when the current year’s revenue falls below the guaranteed revenue under the policy. Right now, ARH policies are only available for cherry growers.
Whether your specialty is almond crops, vegetables, livestock, or another crop or product, our agents can help you find a policy that’s ideal for your needs.
Have your crop insurance policy reviewed today.
Just as your crop and income can change from year to year, so can your insurance needs. That means to stay protected against devastating financial losses, you need to have your crop insurance reviewed every year to make sure you have the right type and right amount of insurance based on your evolving needs and financial goals. Having your policy reviewed is simple: Just call our office at 877-590-4826 and one of our representatives will be happy to help you.