What are written crop insurance agreements?

wheat field

By definition, a written agreement is a document that alters the terms of a policy as authorized under the Common Crop Insurance Policy, Basic Provisions, Crop Provisions or Special Provisions of the multiperil crop insurance policy reinsured by the Federal Crop Insurance Provisions. A written agreement is seldom required in the production of wheat for…

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Covering the history of crop insurance

wheat field

Congress initially authorized federal crop insurance back in the 1930s to help agriculture recover from the Great Depression and the Dust Bowl. The Federal Crop Insurance Corporation (FCIC) was created in 1938 to administer the program, which was initially limited to major crops in main production areas of the U.S. The Federal Crop Insurance Act…

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Finding the right level of crop insurance

wheat field

How much crop insurance coverage is needed, and how do we get there? This is an age-old question that is answered with “depends.” Please allow me to elaborate. Like beer or soda, all have different preferences and/or tolerances for risk. We believe the best outcome for crop insurance is that of “for the long haul”…

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