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feld (feld@friedcheese.us)'s status on Sunday, 29-Sep-2024 09:30:43 JSTfeld @PJ_Evans @mekkaokereke @Jonricha The coverage rates are pretty substantial. Emergency farm loans don't require crop insurance but they do require it for future years (like your mortgage -- probably built in). I'll have to ask my brother if FSA loans require insurance but I'm pretty sure they do. (He's a loan officer / appraisal guy for this stuff).
Basically, if your farm is a serious operation, you'll be getting loans to grow it. So you'll have insurance. I'm very confident about that.
"Crop insurance today protects more than 90% of America’s planted acres."
https://cropinsuranceinamerica.org/facts-figures/
https://www.ers.usda.gov/topics/farm-practices-management/risk-management/crop-insurance-at-a-glance/#fcipinsuredacreage