{"id":13840,"date":"2023-02-08T11:00:52","date_gmt":"2023-02-08T16:00:52","guid":{"rendered":"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/?p=13840"},"modified":"2023-02-08T14:35:43","modified_gmt":"2023-02-08T19:35:43","slug":"americas-farmers-trust-crop-insurance","status":"publish","type":"post","link":"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/americas-farmers-trust-crop-insurance\/","title":{"rendered":"America’s Farmers Trust Crop Insurance"},"content":{"rendered":"
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America\u2019s Farmers Trust Crop Insurance<\/h1>
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February 8, 2023<\/p>\n

Every day, America’s farmers spend long hours working the land or caring for livestock. We rely on farmers for the food we eat, the clothes we wear, and the fuel that moves us. Farmers rely on the safety net provided by crop insurance.<\/p>\n

Crop insurance provides farmers and ranchers with an essential risk management tool, protecting more than 490 million acres of American farmland across all 50 states.\u00a0Crop insurance is affordable, it is accessible, and it is adaptable. It helps farmers both survive the catastrophes of today and tackle the challenges of tomorrow.<\/p>\n

Here are 5 things you must know about crop insurance.<\/strong><\/p>\n<\/div><\/section><\/p><\/div>

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A Public-Private Partnership<\/h3>\n

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Crop insurance is built on a unique public-private partnership between the federal government and the private sector. The U.S. Department of Agriculture (USDA) sets rates and rules for the plans that can be sold by private-sector crop insurance agents, and farmers purchase the appropriate crop insurance policy for their individual risk. This increases efficiency and ensures that aid is delivered quickly.<\/p>\n<\/div><\/section>
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Learn more about safety net principles<\/span><\/a><\/div><\/p><\/div>
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Provides a Personalized Plan<\/h3>\n

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Farmers work with a private-sector crop insurance agent to purchase a crop insurance policy that is tailored to their unique needs. America\u2019s farmers grow many different types of fruits and vegetables, requiring a crop insurance program that is as diverse as the crops it protects. Crop insurance policies are available on more than 130 crops and to farmers of all sizes and types.<\/p>\n<\/div><\/section>
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Learn more about personalized coverage<\/span><\/a><\/div><\/p><\/div>
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Funded Partly by Farmers<\/h3>\n

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Farmers must purchase crop insurance. Last year, farmers collectively spent more than $6 billion for crop insurance coverage. The government provides a discount to ensure crop insurance remains affordable. Farmers must also shoulder a portion of losses, in the form of a deductible, before receiving aid. Insurers shoulder part of the losses, too, so taxpayers aren\u2019t on the hook for 100% of disaster costs.<\/p>\n<\/div><\/section>
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Learn more about cost sharing<\/span><\/a><\/div><\/p><\/div>
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Delivers Aid in Days – Not Years<\/h3>\n

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Following a disaster, private-sector crop insurance claims adjusters quickly and accurately assess damages and calculate losses. Farmers usually receive crop insurance aid within weeks, giving them the capital necessary to plant again the next season. Plus, crop insurance provides assistance based on an individual farmer\u2019s actual loss, protecting farmers, ranchers, and taxpayers.<\/p>\n<\/div><\/section>
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Hear from farmers in their own words<\/span><\/a><\/div><\/p><\/div>
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Supports the American Economy<\/h3>\n

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Crop insurance protects more than 490 million acres of American farmland. Each of these acres represent a farming family: some are continuing a long legacy of agriculture, while others are the first generation to farm. Each farm is an integral part of our nation\u2019s food supply and our economy.<\/p>\n<\/div><\/section>
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Learn how farming supports your state<\/span><\/a><\/div><\/p><\/div>
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Want to learn more about crop insurance?<\/h3>\n

With terms like \u201cActual Production History\u201d or \u201cWhole-Farm Revenue Protection,\u201d it might sometimes feel like you need to be an insurance whiz to fully understand crop insurance.<\/p>\n

National Crop Insurance Services (NCIS) put together\u00a0CropInsurance101.org<\/a>\u00a0to give you easy-to-access resources on crop insurance, including farmer testimonials, glossaries, fact sheets, videos, and more.<\/p>\n

Learn more by visiting\u00a0CropInsurance101.org<\/a>\u00a0or watching the video below.<\/p>\n<\/div><\/section>
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