According to the USDA, the definition of Crop Insurance is:
Management of yield or price risk through the purchase of crop insurance transfers risk from you to others for a price which is stated as an insurance premium. Crop insurance is an example of a risk management tool that not only protects against losses but also offers the opportunity for more consistent gains. When used with a sound marketing program, crop insurance can stabilize revenues and potentially increase average annual profits.
Crop Insurance is an essential element for lowering production risk as part of your agricultural risk management strategy. When it comes to selecting crop insurance, there are a vast number of programs offering various protection and coverage levels, are not applicable to all product, and vary from state-to-state.
When you work with an AgriVisor Ag Specialist, you work with a professional who will provide a custom review of your business, and discuss crop insurance including both public and private options. AgriVisor partners with Country Insurance to provide you with the best solution for your specific needs.
In addition to crop insurance, consider additional farm insurance programs to protect against natural and man-made disasters ranging from hail and tornados to vehicle incidents and illness or death. Learn more about other farm insurance programs.
As a farm owner you want to concentrate on the business of production, while not losing sight of the other important aspects of your business—such as Risk Management.
Learn more about crop insurance by visiting the Country Insurance website, or contact an AgriVisor specialist.
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The Insight program allows producers—through a participating elevator—to select up to three professional analysts to market their grain.
The Insight program is a great way to diversify your marketing plan using the experience of three trusted analysts.
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