Crop and Livestock Income Protection (CLIP) offers specialized, high-level umbrella revenue coverage for producers managing multiple commodities, providing premium savings through risk diversification, and enhancing protection beyond standard policies. Not all crops qualify but some eligible crops include corn, soybeans, grain sorghum, and oats, as well as livestock insured under a weaned calf revenue protection plan.
Key Aspects of CLIP Insurance
- Coverage Structure: Acts as an umbrella policy for two or more qualifying Revenue Protection (RP) policies.
- Benefits: Offers higher overall coverage levels and potential premium savings.
- Eligible Commodities: Coverage includes, but is not limited to, corn, cotton, soybeans, grain sorghum, barley, canola, sunflowers, dry beans, dry peas, flax, oats, peanuts, popcorn, rice, and weaned calves.
- Purpose: Protects farm income against revenue losses across diversified operations.
For specific, up-to-date quotes and to check eligibility for your operation, it is recommended to contact Kevin or Carrie at Premier Farm Credit directly, as they offer tailored risk management solutions, including CLIP.
