Country Finance is urging farmers to continue to protect their
operations with Crop Hail insurance this year.
While insurance may be an extra
expense, it adds an additional layer of protection on top of a federal crop
policy, the company said in a release.
“Chapter 12 farm bankruptcy filings rose last year.
Financial troubles are happening to grain farmers all across the Midwest—so now
is not the time to pass on coverage,”
Doug Yoder, Country Financial crop agency manager, said. “These bankruptcies show just how financially distressed some
family farmers really are, yet cutting Crop-Hail insurance could only increase
their risk.”
Yoder highlighted the importance of having insurance.
“These are serious farm debt times, the distress in the
grain sector is real,” Yoder said. “Crop Hail insurance often serves as the biggest
safety net because it offers widespread coverage for farmers. They sleep better
at night knowing that should the unexpected happen, they’ll have the financial
security to stay in business and go on to plant the next season.”
