Why Now is the Time to Expand Your Crop Insurance

Protect Your Operation with Enhanced Coverage

When you’re managing a farm, unexpected risks can threaten your bottom line. Natural disasters, extreme weather and sudden drops in commodity prices are all part of the game. That’s where ECO comes in.

As an endorsement to your existing multi-peril crop insurance (MPCI), ECO extends your coverage and provides peace of mind that you’ll be protected, no matter what comes your way.

By adding ECO to crop insurance, you can protect up to 95% on all your planted acres. This higher, county-based level of coverage ensures that you won’t be left vulnerable to large-scale risks that could otherwise leave you facing significant financial losses.

If the final yields for a county stay flat from their expected values in a given year, there is a significant probability that ECO could trigger a loss payment if the same price drop pattern extends into next decade ahead. For context, the 20, 30 and 40-year pictures tell the same story.  

While the U.S. as a whole may be setting record yields, it’s not happening everywhere all at once. Unforeseen weather impacts can range from a localized county area to sweeping a multistate region. ECO provides a great way to mitigate exposure to weather risks when your county is the one impacted.

Why Act Now?

1. Increased Affordability with a 65% Federal Subsidy
    One of the biggest barriers for farmers considering expanded coverage has always been cost. However, thanks to the recent crop insurance subsidy increase, ECO is more affordable than ever. The federal subsidy increase from 44% to 65% significantly lowers premium costs, allowing you to protect more of your operation without straining your budget.
   
   
2. Minimize Risks from Market Fluctuations
    Commodity markets are unpredictable, and sudden drops in prices can be challenging for your farm’s income. ECO’s protection helps safeguard your earnings, giving you a buffer against volatile market conditions and helping you maintain financial stability year-round.
   
   
3. Comprehensive Risk Management
    Expanding your coverage with ECO means you’re prepared for a range of risks, from weather-related crop losses to price declines. In an era where agricultural risks are increasing, having comprehensive protection in place is more important than ever.

Compeer Financial: Here For You with Personalized Support

Need help deciding if ECO is right for you? Contact your insurance officer today to ensure your policies align with your risk management strategy and bottom line.

We can run 100,000 scenarios comparing coverage levels and products to demonstrate how different policy combinations can work for your farm.

We’re more than just an insurance provider at Compeer — we’re your partner in building a strong risk management plan. Our insurance officers work with you to develop a customized approach to protecting your crops and livelihood. ECO gives you added protection at a lower cost and the peace of mind you crave.