Articles tagged under: crop insurance
Survey Reinforces the Importance of Crop Insurance
Published April 14, 2025
A new national survey from National Crop Insurance Services finds that 91 percent of farmers purchased crop insurance in 2024, and 90 percent have done so consistently for the past five years. NCIS spokesperson Philip Hayes said the data highlights…Crop Insurance Discounts for Veterans and Beginning Farmers
Published March 16, 2025
Minnesota Senator Amy Klobuchar and South Dakota Senator John Thune are working together on a bill to provide more affordable crop insurance to veterans and beginning farmers. A premium discount is now in place and would extend it from five…Fielding Questions: Hail Plan Analyzer
Published February 15, 2025
AgCountry Farm Credit Services Regional Vice President of Retail Insurance Keith Wilson is featured in the latest edition of the Fielding Questions podcast. Ahead of the 2025 growing season, Wilson highlights the Hail Plan Analyzer. "It is a way to…Take Time to Consider Crop Insurance Options for ’25
Published November 21, 2024
Farmers may need a fresh approach when buying crop insurance for the 2025 crop. AgCountry Farm Credit Services Senior Vice President Tony Jesina cites the tight margins. "When we look at the most common policies producers took in 2024, we looked…Maximizing Crop Insurance Benefits
Published October 8, 2024
Crop insurance claims are likely to be plentiful this year with the wet spring and periodic hail storms. Due to depressed prices, farmers can utilize crop insurance at a greater percentage of the APH yield. “We’re below that spring price.…Crop Insurance Losses Mount Due to Helene
Published October 8, 2024
USDA’s Risk Management Agency is estimating more than 38,000 crop insurance policies covering 4.8 million acres are in place in the areas affected by Hurricane Helene. USDA has instructed crop insurance companies to expedite claims and make payments within 30…Crop Insurance Shakeup
Published July 3, 2024
A large international specialty insurance brokerage firm, Risk Strategies, has acquired Silveus Insurance Group. Silveus is the largest independent crop insurance provider in the United States. The terms of the deal were not disclosed.Minnesota Floods Leave Farmers Floored
Published June 30, 2024
According to Pioneer Sales Associate Tim Garry, the floods affecting much of central and southern Minnesota have shut down any hope of corn replants. "Corn is done," said Garry. "There might be some that go and try to put something…FCIC Adjusts ECO Rate for ’25
Published June 17, 2024
The Federal Crop Insurance Corporation board has approved an increase in the Enhanced Coverage Option subsidy rate for the 2025 crop insurance year. This rate will increase from 44 percent to 65 percent, which aligns with the endorsement for the…