I’m new to farming and trying to figure out the best way to protect my crops. What should I know about insurance options for beginners?
Shelby Twenter, Vice President, Crop & Livestock Insurance, Marshall
FCS Financial Crop & Livestock Insurance offers a range of coverage options designed specifically for Beginning Farmers and Ranchers (BFR). These include exclusive benefits provided through the federal crop insurance program, which have recently been expanded from five years to ten years of eligibility.
BFR benefits deliver meaningful advantages, such as additional premium subsidies and exemption from administrative fees. Eligible producers may also use prior production history from operations they were previously involved in and benefit from an increased substitute yield adjustment, where applicable.
To qualify for BFR benefits, you must be an individual who has not actively operated and managed a farm or ranch with an insurable interest in any crop or livestock for more than 10 years. Certain years may be excluded if you were under 18, enrolled in post-secondary education, or serving on active duty in the U.S. military.
Contact your local FCS Financial Crop & Livestock Insurance representative today to learn more about the options available to support your operation.
