Crop insurance is working as it was designed, insurers say

Planting season is near, and important crop insurance deadlines are closing in.

One major group says the scale of today’s programs highlights the need for reliable insurance options.

“Since 2019, crop insurers have made lost payments of more than 65 billion to help farmers recover from disasters. Most recently, crop insurance payments were among the first meaningful aid arriving to the areas along the east coast that were devastated by hurricanes in 2024, approximately $800 million of hurricane insurance protection and wind index endorsement payments were sent out quickly and far exceeded what policyholders paid for the coverage,” said Scott Arnold.

A couple of big crop insurance deadlines are coming up. The next major sales closing date for crop insurance is March 15th, and deadlines to apply for ARC and PLC both have been extended to April 15th.

Related Stories
Jerry Cosgrove with American Farmland Trust explains why farmers and ranchers should start their estate planning now.
Elizabeth Strom of the American Society of Farm Managers & Rural Appraisers joined RFD-TV to provide the latest perspective on post-harvest business planning and cropland markets in the Midwest.
Dalton Henry, with U.S. Wheat Associates, joined RFD-TV to provide insight on what the pending trade frameworks may mean for American wheat growers.
Our friend Jake Charleston at Specialty Risk Insurance joins us for an industry update.
Only properly documented, unexhausted fertilizer applied by prior owners may qualify for Section 180 expensing; broader nutrient-based claims carry significant legal and tax risk.
A massive rail merger could significantly impact North American agriculture and trade flows.