Connealy Insurance is a family-owned, industry-leading, independent insurance agency dedicated to providing cost-effective insurance solutions to farmers, ranchers, and families in Nebraska, Iowa & South Dakota. For over 35 years, Dennis and Janis Connealy, fellow farmers and owners of Connealy Insurance have combined their strong insurance background and product knowledge to form partnerships to help their clients manage crop, farm, ranch, commercial, personal, and auto insurance risks.
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Crop Insurance Vital to America’s Family Farms
America Relies on Crop Insurance
In 2020, more than 380 million acres of farmland were protected through the Federal Crop Insurance Program and more than 1.1 million policies were issued while protecting over 100 different crops.
Just before the end of 2018, the Economic Research Service at the United States Department of Agriculture released a report analyzing data from a 2017 survey of farmers across the country. This report – titled “America’s Diverse Family Farms” – presents the facts behind farming in America.
According to the USDA:
- Ninety-eight percent of U.S. farms are family farms, and they account for 87 percent of farm production.
- Family farms categorized as midsize or large produced 62 percent of America’s food and fiber and accounted for 6 out of 10 harvested acres in 2017.
- One-third of U.S. farm goods are produced under forward contracts to help manage price and production risks.
- Seven in 10 American farms have an operating profit margin in the “red zone,” indicating a high risk of financial problems.
- Farm income has declined almost 40 percent since 2013, and more than 40 percent of farms are now relying on income generated off the farm to make ends meet.
The crop insurance system that protects these family farms and makes forward contracting possible in today’s difficult financial environment was also mentioned in the report.
Two-thirds of midsize farms and three-fourths of large farms participate in crop insurance, the report found.
Source: Crop Insurance in America
Why Crop Insurance Matters
We all want healthy, fresh food for our families. America’s farmers and ranchers provide that and more, for your family and families all over the world. Crop insurance provides the access to capital and security farmers need to increase crop yields, improve efficiencies and stay competitive in world markets. A healthy farm economy is essential to the stability of America’s economy.
American Made Materials
Farmers and ranchers don’t just grow food; they grow the plants that provide the fiber for our baby blankets, cozy sweaters, wedding gowns, and the feed for livestock that provides the raw materials for hundreds of essential products.
Assurance Through Insurance
Crop insurance provides a safety net against perils such as frost, drought, flooding and hail. Without a strong crop insurance program, uncontrollable changes in weather could undermine the financial security of individual farmers and place the entire farm economy in jeopardy.
Every day we depend on the goods and products made by America’s farmers and ranchers. They depend on crop insurance as an essential business tool in today’s difficult agricultural economy. In an increasingly volatile business environment, crop insurance provides an important measure of stability for America’s agricultural producers. Access to affordable crop insurance allows American farmers to continue to provide affordable food for America and the world.
Source: Crop Insurance in America