Seeds Planted For Farm Insurance Growth
Rise in insurable exposures fuel 43 percent written premium gain over last five years
We all know the rough outlines of the farm sector–and perhaps that's one of the principle reasons farmowners coverage elicits so little excitement among property-casualty types. Recently released Census of Agriculture data confirm that farm revenues have been essentially flat over the past five years–at about $200 billion. During the same period, the number of farms actually declined about 4 percent to just 2.1 million.
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