For Farmers, Now is Time to Manage Risk Through Crop Insurance

By ASHLEY HICKS

AgChoice Loan Officer

Everyone has insurance – either you buy it from an insurance company or you insure yourself. When you self-insure, you are taking all of the risk. In today’s economic climate, that may not be the best risk management strategy.

Why buy crop insurance? You can’t control the weather and, although the seed and chemical companies have come a long way in performance, the only thing that can guarantee a yield, or indemnity in place of a yield, is crop insurance. It will help you survive a disaster and return your business to profitability, improve your cash flow...