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We offer the following types of crop insurance. You will find more information below about each of these products by clicking on its name, or please click the 'Request a Crop Insurance quote' link to print out a quote request form.

= Multi-Peril Crop Insurance (MPCI)
= Crop Revenue Coverage (CRC)
= Revenue Assurance (RA)
= Group Risk Plan (GRP)
= Crop-Hail Insurance

= Request a Crop Insurance quote *

* You will need the Acrobat Reader in order to view the quote request form listed above. You may download a free copy by visiting www.adobe.com/products/acrobat/readstep2.html.

Understanding Crop Insurance

Federal Crop Products

Multi-Peril Crop Insurance (MPCI)
MPCI and the other lines of federal insurance, guarantee a producer a certain amount of production (bushel guarantee) on a unit basis. If the actual production from that unit is less than the amount gruaranteed, then insurance pays the difference. Examples of perils covered under MPCI include, adverse weather, plant disease, earthquake, fire, insects, wildlife.

Crop Revenue Coverage (CRC)  and  Revenue Assurance (RA) with harvest price options
Guarantees a stated amount of revenue. CRC & RA (with harvest price option) covers revenue losses due to low prices or low yields, or any combination of the two. The coverage is very similar to MPCI, only with the added peril of price.

Group Risk Plan (GRP)
Insures against widespread loss of production of an insured crop in a county. It's recommended use is for farmers whose farm yields tend to follow the average county yield. (It is possible for an insured to have a low yield on the acerage that he farms, and still not receive a payment if the county overall does not suffer a low yield.)

Crop-Hail Insurance
Crop-hail insurance allows a producer to insure his or her crop up to the value of the commodity against the perils of hail, fire, and transit. The producer buys a fixed amount of insurance on a per-acre basis. If an insured peril occurs, the adjuster determines the percent of damage and that percent is multiplied by the liability to determine indemnity.

This does not address all the provisions of the policies. The appropriate policy should be consulted for specific provisions. This web page is for general informational purposes only. Exchange State Bank & Insurance is not responsible for any misinterpretation by you. See a licensed insurance agent for clarification and advise on all insurance decisions.

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To discuss our insurance products, please contact Amy Follmann at 1-800-448-8966 or: insurance@esbanks.com.
Locations in Adair and Winterset, Iowa.

Investment and Insurance products offered by ESB are NOT FDIC insured, NOT insured by any federal government agency.
Not a deposit. May lose value. No Bank Guarantee.