Crop Insurance


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Crop Insurance

A contract of indemnity by which, for a specified premium, one party promises to compensate another for the financial loss incurred by the destruction of agricultural products from the forces of nature, such as rain, hail, frost, or insect infestation.

The federal government, acting through the Federal Crop Insurance Corporation, an agency of the department of agriculture, sponsors such insurance. By improving the economic stability of agriculture, crop insurance promotes the welfare of the nation.

Cross-references

Agricultural Law.

References in periodicals archive ?
Today Agriculture Minister Lyle Stewart announced details of the 2018 Crop Insurance Program.
The House of Representatives approved on final reading two measures seeking to strengthen the Philippine Crop Insurance Corp.
The House of Representatives approved yesterday on third and final reading a bill granting agrarian reform beneficiaries full crop insurance coverage for losses caused by natural calamities and pest infestation.
The House of Representatives has approved on third and final reading a measure strengthening the Philippine Crop Insurance Corp.
PCIC's main program includes free crop insurance coverage for two million farmers and fisherfolks with priority given to those listed under the registry system for the agriculture sector.
Global Banking News-December 27, 2017--MidAtlantic Farm Credit hires crop insurance specialist
Aspen will also have access to additional crop reinsurance premium by bringing its reinsurance expertise to a substantially larger, faster growing, and more diversified crop insurance business.
Connealy was with the crop insurer for 11 years and served on the board and as chairman of National Crop Insurance Services, an international nonprofit crop insurance industry trade group.
Crop insurance is a risk management mechanism designed to even out agriculture risk and blunt the consequences of natural disasters to make losses.
Headquartered in West Des Moines, Iowa, International Ag manages multi-peril crop, crop hail and named peril crop insurance.
The government has made Aadhaar mandatory for availing crop insurance policies from the upcoming kharif sowing season.
Department of Agriculture's (USDA) federal crop insurance program and falsified documents.