Farming is risky business, as producers face many different kinds of challenges. That’s why Indiana farmers may want to consider a customized risk management plan from Farm Credit Mid-America.
“No two farm operations are the same. Each one has different goals and appetites for risk. A customized risk management plan can reflect their operation’s realities,” says Savannah Steinke Kay, Insurance Officer with the Rensselaer office of Farm Credit Mid-America.
She says if farmers haven’t already had those conversations about crop insurance, now is definitely the time to do so.
“We’ve seen a lot of changes to the crop insurance program and federal risk management programs offered through USDA,” she says. “Many producers are unsure what these program changes mean for their policy and their coverage. Rush decisions can leave operations under-insured when yields and prices fall short.”
She says some of the policies impacting crop insurance were modified last year with the One Big Beautiful Bill Act.
“One of the key changes out of this bill is you’re going to see three-to-five percent more premium assistance, which lowers your out-of-pocket cost for your crop insurance. They’ve also expanded the new and beginning farmer rancher premium support, so you used to be eligible for 5 years in this program, now it’s 10.”
She also shares what sets crop insurance from Farm Credit Mid-America apart from other providers?
“Farm Credit Mid-America provides a customized data-driven approach to crop insurance that goes beyond the policy itself. It’s going to help farmers manage their risk, help them make informed decisions, and secure their operation for future generations,” she says.
The deadline for crop insurance applications is March 15.
For more information about the insurance options that Farm Credit Mid-America provides, visit: fcma.com/insurance.
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