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.

LATEST STORIES BY THIS AUTHOR:

RFD-TV farm legal and taxation expert, Roger McOwen, joins us with his perspective on what farmers can expect from the delayed aid package.
Microsoft’s partnership with the National FFA Organization is helping future ag leaders gain the tools they need to drive innovation in farming and beyond.
U.S. Senator Joni Ernst (R-IA) joined us on Wednesday’s Market Day Report to share why Ames is uniquely positioned to support expanded USDA operations.
Iowa land values dropped 3% year-over-year. Sen. Chuck Grassley said this discomforting pattern is a harbinger of crisis for farmers, as seen in the 1980s.
Prepare for tighter cash flow, delayed capital buys, and policy-driven risk management this fall.