Why purchase a Crop Insurance policy?
A. Crop Insurance, like any insurance, is a risk management tool. The premise behind Crop Insurance is not only about protection in bad years, but it’s also about providing you with the ability and confidence to make decisions that can yield more profit in the good years. In addition, most financial lending institutions require some kind of risk management tool on their investment. With the most versatile risk management tool being Crop Insurance, most financial lending institutions will require that you specifically carry Crop Insurance. The biggest difference between Crop Insurance and any other type of insurance is the presence of governmental influence. The government oversees Crop Insurance and the Risk Management Agency (RMA) is the operational arm of the government that controls and oversees the Crop Insurance program. Crop Insurance is subsidized directly by the Federal Government. Buy-up levels of insurance are subsidized up to 65 percent. ALL Crop Insurance is priced the same
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- Why purchase a Crop Insurance policy?
