Rural Mutual: Crop Hail Insurance is Good Risk Management

With spring storm season underway, farmers may want to consider crop hail insurance as part of their risk management program, especially if they did not enroll in multi-peril crop insurance before the March 15 deadline. That’s according to Tom Thieding of Rural Mutual Insurance Company. He says each year, some farmers in the state are hit by localized storms that put their profit at risk. “For example, one storm front in July did an estimated $8-10 million in crop damage mainly in Grant and Lafayette Counties,” Thieding said. “Rural Mutual Insurance, the largest insurer of Wisconsin farms in state, paid $2.5 million in crop hail claims from that one storm.”