What increment is coverage available from under the MPCI policy?

Under the Multiple Peril Crop Insurance (MPCI) policy, coverage is available in increments of 5%. This means that farmers can choose coverage levels based on the percentage of their expected yield or revenue, with the smallest adjustment being 5%. This flexibility allows producers to tailor their insurance to better match their individual risk management needs.

The ability to select coverage in 5% increments provides a balance between ensuring adequate protection and managing premium costs, as more frequent increments could complicate the selection process and lead to less strategic decision-making regarding coverage levels. The structure of the increments is designed to simplify the choice for farmers, making it easier for them to align their coverage with their financial circumstances and risk tolerance.