It's no secret that crop insurance is important for farmers. In fact, more than 1.1 million crop insurance policies were issued in 2020 alone, according to CropInsuranceAmerica.org. Here are five essential reasons why you should get crop insurance in 2023 if you don’t already have it.

1. Protect Your Finances

Your farm is your livelihood. It's how you make a living and support your family. That's why crop insurance is critical. It can help protect your farm from financial losses due to natural disasters, diseases, and pests. Crop insurance works by indemnifying farmers for a percentage of their crop loss. This means that if your crop is destroyed by a natural disaster, crop insurance will help reimburse you for the financial hit.

The price of crop insurance varies depending on the type of policy you purchase, but it typically costs between 2 and 5 percent of your crop's value. Our experts can provide you with an accurate estimate after a consultation.

2. Recover From Natural Disasters

Natural disasters like floods, drought, and storms can devastate crops and destroy farms. If your crops are eradicated, so is your livelihood. Crop insurance can help farmers recover from these disasters by providing financial assistance for replanting and rebuilding after such an event. Because mother nature is unpredictable, it’s wise to prepare yourself for all possible outcomes.

3. Work With Experts

The federal government offers crop insurance through the Risk Management Agency (RMA). RMA crop insurance is available for a variety of crops, including wheat, corn, soybeans, and cotton. There are also a number of private crop insurance companies that offer crop insurance policies. Strategic Farm Marketing Inc is staffed by a team of educated professionals who can help you make the best decisions for yourself, your crops, and your family.

4. Safeguard Your Investment

It takes a large investment to buy land, equipment, seed, and other equipment to run a farm. It's important to protect this hefty investment with the right parameters. In the same way that you protect your vehicle with auto insurance, you should protect your land and plants with crop insurance.

5. Gain Peace of Mind

Ultimately, crop insurance provides something invaluable. Our insurance provides you with the reassurance that no matter what happens, you can maintain your livelihood. This kind of knowledge is priceless after a devastating event where you may feel all hope is lost. We’re here to provide that safety net.

If you’re ready to get started with crop insurance, our compassionate and knowledgeable team is eager to assist you. Give Strategic Farm Marketing Inc a call today to learn about your options!