Home - Agricultural Risk Management
Crop insurance is not a new idea, but expecting, and in some cases requiring coverage is. Until recently, farming has generally not been regarded in the same way as most other businesses. It is standard for most enterprises to carry business insurance, and to manage financial risks through a variety of other means. For farmers, especially those with small operations, risk has traditionally been dealt with differently. This may be partially because farming is perceived to have a high level of risk associated with it. Instead of manufacturing a product in a factory, most growers and producers rely heavily on nature to develop their products from seed to a marketable commodity. Most variation from season to season however, can be managed with good production practices.