To provide Oklahoma farmers with the most robust protection possible, OKFB has partnered with American Farm Bureau Insurance. Together, we offer specialized Crop and Hail Insurance designed to shield your operation from destructive weather. 

This partnership combines our local agent expertise with national resources, ensuring you get the comprehensive crop insurance options to keep you covered and offer peace of mind.

How Much Crop Insurance Coverage Do I Need?

Choosing your crop insurance coverage level is one of the most critical financial decisions you’ll make all year. It involves selecting a coverage level, typically from 65% to 85%, of your farm’s proven yield or revenue history.

A specialized OKFB agent, working with our partners at American Farm Bureau Insurance, will help you analyze the key factors to make the right choice:

  • Your Proven Yield History (APH): We’ll establish your farm’s production history, which is the foundation of your policy.
  • Your Break-Even Point: We’ll help you calculate your input costs to ensure your coverage is high enough to protect your initial investment.
  • Lender Requirements: We’ll ensure your policy meets the coverage requirements mandated by your bank for your operating loans.
  • Your Risk Tolerance: We’ll help you find the sweet spot between premium cost and the level of risk you are comfortable taking on yourself.

An agent helps you build a risk management strategy, not just buy a policy.

Crop Coverage Options & Features

Understanding the different types of crop insurance is key to building a robust risk management plan for your farm. Through our valued partnership with American Farm Bureau Insurance Services (AFBIS), we offer a comprehensive suite of both federally-reinsured multi-peril policies and private products. 

An OKFB agent specializing in crop insurance can help you navigate these complex options to build a plan that fits your specific operation.

Federal Multi-Peril Crop Insurance (MPCI)

These policies are the foundation of most risk management plans, protecting you against a wide range of unavoidable perils like drought, flood, and disease.

  • Whole-Farm Revenue Protection
    Instead of insuring one crop, this policy protects the adjusted gross revenue of your entire farm under one policy, perfect for highly diversified operations.
  • Margin Protection
    A county-based plan that protects you against a drop in your operating margin (your expected revenue minus expected costs).
  • Area Risk Protection
    Protects you against widespread loss of yield or revenue in your entire county, not just your individual farm.
  • Supplemental Coverage Option (SCO)
    An endorsement that adds a band of county-based coverage on top of your underlying individual MPCI policy.
  • STAX (Stacked Income Protection Plan)
    A county-based revenue insurance policy specifically for upland cotton.

Private Crop & Hail Insurance

These policies are offered directly by the insurance company and are often purchased alongside a federal MPCI policy to cover specific risks.

  • Crop-Hail Insurance
    This is a critical policy that provides targeted, acre-by-acre protection from hail damage and fire. Unlike MPCI, which often requires a high deductible, this can pay out on more localized damage.
  • Preseason Price Assurance
    An endorsement that can help you lock in a better preseason price for your commodities than the one established by the RMA.

Forage, Apiculture & Nursery Coverage

Specialized policies designed for non-traditional crops and operations.

  • Pasture, Rangeland, Forage (PRF)
    Protects your grazing or haying land from a lack of rainfall. It pays an indemnity based on precipitation levels in your area falling below the historical average.
  • Annual Forage
    Designed for producers who plant annual crops for livestock feed, grazing, or haying.
  • Apiculture (API)
    This is insurance for beekeepers, protecting their colonies and honey production based on rainfall levels in their area.
  • Nursery Insurance
    Provides coverage for the plants, trees, and shrubs grown at a commercial nursery.

Livestock Insurance

These policies protect against declines in market prices, not the death of an animal.

  • Livestock Risk Protection (LRP)
    Safeguards you against a decline in national market prices for your cattle or swine. You can lock in a “floor price” to protect your investment.
  • Livestock Gross Margin (LGM)
    Protects your gross margin, the difference between the market value of your livestock and your feed costs. This is available for cattle and swine producers.