2024 BILLING INFORMATION - MPCI & PRIVATE PRODUCT INTEREST

The USDA will NOT be deferring interest for the 2024 crop year, due to lack of widespread catastrophic weather events and overall favorable crop conditions. Learn more about how this change affects your policy.

No Interest Deferral for 2024
Due to lack of widespread catastrophic weather events and overall favorable weather conditions, the United States Department of Agriculture (USDA) will NOT be deferring interest for the 2024 crop year as they have in past crop years. Reference the Policy Detail page, included with your bill, for due dates specific to your policy. Your provisions, located in FMH Policyholder Center (PHC), will specify interest attachment procedures.

Payments must be postmarked on or before the policy due date to avoid interest attachment. Electronic bill pay, FMH Policyholder Center, and/or phone payments must be applied to the account by the due date or interest will attach and be owed per the policy provisions.   

Thank you for your business and for placing your trust in Farmers Mutual Hail Insurance Company of Iowa. 

Contact Information for Questions
If you have any questions about this update, please contact your FMH agent for more information.