With global warming and climate change on the horizon, farmers struggle to sustain their lands and crops to provide food throughout the country. Agriculture is one of the largest industries in the U.S., catering to farming businesses, food manufacturing, and distribution. It is integral to the entire economy of the country.
Crop Insurance and How They Work for You
Crop insurances have existed since the 1800s to protect farmers from losses brought by natural disasters. Similar to health and life insurance, crop insurance gives financial assistance to farmers whose crops were affected by hailstorms, floods, drought, pests, fire, wildlife, diseases, and many others.
Though, unlike other insurances, crops suffer from a myriad of unpredictable and uncontrollable factors that are sometimes geographically catastrophic, like tornados, for example. Because of the insurance coverage, crop insurance can be a bit pricey, but the government ensures that premiums remain affordable and accessible.
This coverage makes it difficult for insurance companies as well since, in the scenario of bad weather, multiple farmers are affected. Here in the U.S., the government provides a discount on crop insurance premiums. A fund is set aside for the agriculture sector, including crop insurance. Ensuring that farmers have sustainable livelihoods and profit from their harvests also secures the country’s food supply and economy.
Benefits of Getting Crop Insurance for Your Farm
As stated above, crops are affected by so many unpredictable and uncontrollable factors. While most are natural disasters, economic standing and international affairs also affect their revenue. The government always makes sure crop insurance remains affordable for all farmers through several laws and careful budgeting to encourage them to avail it.
Depending on the insurance company, the offsetting expenses and delivery costs for crop farmers are also part of the premium they pay. Crop insurance also helps lessen farmers’ debts and losses when natural calamities strike. Aside from protection, crop insurance can also increase crop production.
While other organizations and general insurance can protect farmers, availing specifically crop insurance will ensure that their livelihoods and lands are protected in ways general insurance cannot. Aside from this, crop insurance companies have partnerships with other companies that cater to agricultural technology to aid farmers’ livelihood.
Getting Your Facts Straight on Crop Insurance
Some may think that availing crop insurance entails a huge amount of paperwork, but that isn’t the case. Crop insurance requires the same amount of paperwork as any other insurance, all of which are availing your insurance benefits. Your crop insurance company will help you in passing the requirements. The minimal inconvenience far outweighs the benefits you will gain.
Some also believe that crop insurance discourages farmers from looking for other means to protect their livelihood. This is not true; your farm deserves to be protected in more ways than one. Crop insurance is simply one of those methods provided by insurance companies and the government.
The amount of policies crop insurance has for you may be overwhelming, but it doesn’t mean that there isn’t one for you or that you can’t make them work for you. Crop insurance has numerous policies so they can cater to your personal needs for your farm.
In Conclusion
Crop insurance aims to aid not just you and your livelihood, but also the country’s economy and food supply. You can never go wrong with availing of additional protection for your farm, especially against factors out of your control.
Check out the crop insurance we offer at Crop Insurance Services by AMS. We prioritize our customers and aid you in your agricultural challenges and needs. Get your farm insured now!
