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National Crop Insurance Services outlines program impact

Farmers this past year have invested nearly $7 billion in crop insurance policies.

National Crop Insurance Services President Tom Zacharias tells Brownfield coverage spans nearly 500 million acres in the U.S.

“Crop insurance for the major field crops covers about 90 percent of planted acres, and those are the principal field crops—corn, soybeans, wheat, etcetera,” he says.

Zacharias says farmers also spend an additional billion dollars for crop insurance at the state level, both fundamental for risk management.

“Crop insurance complements both the financial and marketing aspects of farm management,” he shares.  “From a financial perspective, it greatly eases access to capital loans operating loans.”

Zacharias says affordable policies can help with pre-harvest marketing and provide quicker relief from natural disasters.