Which statement about MPCI (Multi-Peril Crop Insurance) is FALSE?

The statement that MPCI availability is mandated by the government for all farmers is incorrect. In reality, while Multi-Peril Crop Insurance (MPCI) is widely available and encouraged by federal programs to ensure that farmers can protect themselves against various risks related to crop production, it is not mandatory for all farmers to purchase it. Farmers are free to choose whether or not to obtain MPCI based on their individual circumstances, farming practices, and financial needs.

The other statements are accurate in describing the nature and regulation of MPCI. It is indeed a type of crop-revenue insurance that provides a safety net for farmers against losses due to multiple perils, and it benefits from subsidies provided by the Federal Crop Insurance Corporation (FCIC) under the USDA, helping to lower the cost of premiums for farmers. Additionally, while crop-hail insurance is a separate product, it is true that crop-hail insurers are encouraged to offer MPCI as part of a broader suite of options for farmers.