Agriculture is an uncertain business. Even experienced farmers can lose their entire yield to drought, unseasonal freezes, and insect invasions. To make matters worse, your revenues are also subject to a fluctuating market, so even a good crop can be unprofitable if the price suddenly drops. Crop insurance provides a valuable layer of protection, compensating you for losses so you can continue operating after a disaster.

The Federal Crop Insurance Program

Crop insurance is a partnership between the federal government and private insurance companies designed to protect farmers from potentially devastating losses. If an unseasonal freeze, drought, disease, or other natural peril destroys part of your crop, the insurance policy will replace some of the revenue you’ve lost.

Multi-peril crop insurance will also shield you from sudden drops in commodity prices, which can wipe out your profits even in a good year. Otherwise, these market swings could force you out of business, although you might have silos full of high-quality products.

Crop-Hail Insurance

Although federal crop insurance provides wide-ranging coverage, there are some perils it doesn’t cover. Crop-hail insurance from private insurers fills that gap, protecting you from losses due to hail storms, fire, lightning, and vandalism.

Because these policies come from private insurers, the specific protections can vary depending on the coverage you choose. Some will reimburse you for lost revenue, while others may cover replanting costs or crops that aren’t included in the federal program. Some will even make up the difference between federal crop insurance payments and your actual losses, making you whole after disaster strikes.

With over 25 years’ experience serving farmers throughout southeast Nebraska and northeast Kansas, Fritch Insurance has the expertise to protect your farm from the unexpected. As an independent agency, they write policies from a wide range of respected carriers, giving them a broad array of products to choose from. To get your free crop insurance quote, call (402) 223-3312. Visit their website to learn more about their carriers.