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Crop Insurance |
Also found in: Wikipedia | 0.06 sec. |
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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 |
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Over 200 agents that are now carrying John Deere Crop Insurance gathered in Des Moines, IA, recently for the company's third National Agent Meeting. Editor's note: We interviewed Risk Management Agency administrator Eldon Gould just as the agency reopened the comment period on the "combo" crop insurance policy. Department of Agriculture is proposing to simplify its crop insurance program by eliminating five plans of insurance and replacing them with one. |
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Crop Insurance
