About Crop Insurance
- History
- Facts & Figures
- How It Works
- Why It's Essential
- Why Crop Insurance Matters to You
- Where to Get More Information
Complete list of the 15 insurance companies designated by the USDA to write crop insurance policies.
HISTORY
Because of the inherent risks and potential for widespread catastrophic losses associated with agricultural production, insuring farmers and ranchers has always posed a challenge.
FACTS & FIGURES
Indemnity payments to farmers on crop losses so far in 2011 have exceeded nearly $9 billion, with more claims yet to be processed. To see final numbers for 2010, please click here.
HOW IT WORKS
Essentially, there are two kinds of crop insurance: crop-hail and multiple peril. Crop-hail policies are not part of the Federal crop insurance program. These coverages are provided directly to producers from private insurers.
WHY IT'S ESSENTIAL
Crop insurance helps make America's farmers and ranchers world leaders in agriculture, allowing producers to stay competitive and be more innovative.
