Crop Insurance is Doing It's Job

Crop insurers recently attended the industry's annual convention in Florida, where they committed to building on the success of crop insurance to strengthen the farm safety net. Chair of National Crop Insurance Services and President of Rain and Hail, Scott Arnold,

"There are more products and policies available for farmers than ever before. More livelihoods are protected and more acres insured. Crop insurance protects in excess of 540 million acres and provides over 200 billion in protection."

The scale and size of today's crop insurance program demonstrates the farmers have come to rely upon crop insurance when the going gets tough.

"Since 2019 crop insurers have made lost payments of more than 65 billion to help farmers recover from disasters. Most recently, crop insurance payments were among the first meaningful aid arriving to the areas along the east coast that were devastated by hurricanes in 2024 approximately $800 million of hurricane insurance protection and wind index endorsement payments were sent out quickly and far exceeded what policyholders paid for the coverage with the help of crop insurance, farmers and communities where regional disasters have occurred are beginning to recover from damages caused by mother nature in the recent past. In other words, crop insurance is working exactly as it was designed."

Scott Arnold, chair of National Crop Insurance Services, and President of Rain and Hail.