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.
Federal aid helps, but producers will bear most of the losses. Balance sheets may look stable, but margins remain fragile without policy support.
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