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 ?
M2 PRESSWIRE-August 30, 2019-: Agricultural Crop Insurance Market Scope And Growth Factors By Prominent Players PICC, Zurich (RCIS), Chubb, QBE, American Financial Group | Radiant Insights, Inc.
Senators Mike Enzi and John Barrasso and Congresswoman Liz Cheney, all R-Wyo., issued the following statements after the Department of Agriculture answered their call to grant crop insurance protection for producers hurt by the collapse of the Gering-Ft.
Government eyes mandatory crop insurance !-- -- Louise Maureen Simeon (The Philippine Star) - August 21, 2019 - 12:00am MANILA, Philippines The government is being urged to provide mandatory insurance coverage for palay and other crops to help farmers survive crop destruction.
Senator Francis "Kiko" Pangilinan has recently filed Senate Bill (SB) 35, or the proposed Expanded Crop Insurance Act of 2019, which seeks to amend existing laws, which previously require crop insurance only of farmers who avail themselves of production loans.
The Indian government has taken steps to make crop insurance voluntary for all farmers.
BANKING AND CREDIT NEWS-July 30, 2019--Indian government to make crop insurance voluntary for all farmers
The Negros Occidental provincial government has set aside an additional PHP5 million for the farmers' crop insurance fund in the wake of the natural calamities affecting the province's agriculture sector.
Farmers in Taita Taveta county have been advised to enrol with the national crop insurance programme before the next long rains.
FAISALABAD -- :The government has extended facility of crop insurance up to 18 districts of Punjab province.
AmTrust Ag, a subsidiary of AmTrust Financial Services Inc., manages multi-peril crop, crop hail, livestock and named peril crop insurance. AmTrust Ag products are underwritten by Technology Insurance Co., an approved insurance provider under the federal crop insurance program.
Upcoming winter crop seminars are scheduled across the state to assist farmers on a variety of topics, including Federal Crop Insurance offerings, using drones to provide an aerial view for crop monitoring, navigating the crop insurance claims process should devastation hit your farm, and a market outlook on grain prices for 2019.
GIZ Country Director Gnter Riethmacher said crop insurance is a shelter for farmers, mitigating the risk of having their fields destroyed by flooding and drought.