What is the objective of Multiple Peril Crop Insurance (MPCI)?

The objective of Multiple Peril Crop Insurance (MPCI) is to protect against various perils affecting crops. MPCI is designed to provide farmers with a safety net against a wide range of risks that can adversely impact agricultural production. These risks include natural disasters such as droughts, floods, hail, and excessive rainfall, as well as other unforeseen circumstances that could lead to a loss of yield or revenue.

By covering multiple types of perils, MPCI ensures that farmers have financial protection, allowing them to manage the unexpected challenges that come with farming. This insurance plays a critical role in stabilizing farmers' incomes and supporting the agricultural sector as a whole. The focus on multiple risk factors distinguishes MPCI from other types of crop insurance that might only address specific losses or circumstances.