Farmers have and continue to be a staple of the U.S. economy, whether it's the traditional family farms or larger, corporate-owned enterprises. Regardless of their structure, farmers face a wide array of risks and need the right type of coverage. 

For Nationwide, providing farmers with insurance is part of its history. In 1909, a group of Iowa farmers created Farmland Insurance to protect against losses from fires in their grain elevators. A similar group of Ohio farmers came together in 1926 for car insurance. Dubbed the Ohio Farm Bureau, it would later change its name to Nationwide in 1955. Finally, in 1982, Farmland Insurance joined Nationwide. 

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Times are changing for farmers

In the simplest terms, Nationwide is insuring the output, input and the farmer, says Nationwide's associate vice president of agribusiness risk management Steve Simmons. 

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

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