Crop insurance may be taken by farmers to reduce or control the various risks associated with growing and harvesting crops. Such risks typically include crop loss or damage caused by weather, hail, droughts, frost damage, insect, or disease.
Index-based crop insurance uses models of how extreme climates affect crop production and define how certain climate triggers that, if surpassed, have high probabilities of causing substantial crop loss.
When harvest losses occur associated with exceeding the climate trigger threshold, the insured farmers are entitled to a compensation payment from the insurance policy.
2021 Best Crop Insurance Companies
- As the current year is ending very soon, we are now checking for the best insurance companies offering crop insurance. Please bear with us. You may follow our page to get updated.