Crop & Agriculture Insurance Estimator – Calculate Your Farm Coverage Costs
Estimate your potential crop insurance premiums and coverage with our free Crop & Agriculture Insurance Estimator. This tool helps farmers and agribusiness owners understand coverage options, premium costs, and yield protection under different plans. Results are based on crop type, acreage, coverage level, and location-specific risk factors.
Regional Factor: Iowa has a rate multiplier of 1x based on historical risk data and USDA regional classifications.
Crop insurance protects farmers from losses due to weather, drought, pests, or market volatility. The USDA's Risk Management Agency (RMA) oversees the Federal Crop Insurance Program, providing affordable protection to American farmers.
Premiums are based on crop type and price, location and regional risk zone, coverage level chosen, acreage and yield history, and federal subsidy rates. Each factor plays a role in determining your final insurance cost.
- • Yield Protection (YP): Covers yield losses due to natural causes
- • Revenue Protection (RP): Protects against yield + price declines
- • Area Risk Protection: Based on county yield averages
How accurate is this crop insurance estimator?
This estimator provides general cost estimates based on typical rates and coverage options. Actual premiums depend on insurer underwriting, local risk data, and specific farm conditions. Use it as a planning tool, but consult with approved insurance providers for exact quotes.
Does it include federal subsidy calculations?
Yes, the calculator includes estimated federal subsidies based on current USDA guidelines. Federal subsidies typically cover 60-65% of total premium costs for most crop insurance programs, making coverage more affordable for farmers.
What's the difference between yield and revenue protection?
Yield Protection covers losses in crop production due to natural causes, while Revenue Protection covers both yield losses and price declines. Revenue Protection typically costs more but provides more comprehensive coverage against market volatility.
Which crops are eligible for federal insurance programs?
Most major crops are eligible, including corn, soybeans, wheat, cotton, rice, peanuts, and many specialty crops. Eligibility varies by region and specific crop types. Check with your local USDA office or approved insurance provider for complete eligibility information.
Disclaimer: This estimator provides general cost estimates based on typical rates and coverage options. Actual crop insurance premiums depend on insurer underwriting, local risk data, and USDA subsidy programs.