Crop insurance remains a stable ship in a sea of turbulence, according to industry officials.
The economy is in recession, industry subsidies were reduced through the 2008 federal farm bill and there are concerns that further cuts in federal programs may occur this year. "However, the industry is well capitalized and can pay claims in a timely way," according to Robert Parkerson, president of National Crop Insurance Services in Overland Park, Kans.
National Crop Insurance Services is a not-for-profit organization representing the interests of crop insurance companies.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
