Survey Reinforces the Importance of Crop Insurance

A new national survey from National Crop Insurance Services finds that 91 percent of farmers purchased crop insurance in 2024, and 90 percent have done so consistently for the past five years. NCIS spokesperson Philip Hayes said the data highlights how essential crop insurance is to the agricultural community. “We found that crop insurance ranked the highest by a considerable margin, which tells us that, even though farmers are paying their own money for crop insurance protection, it is still the most valuable part of the farm safety net for them.” The survey also reveals that government premium support plays a critical role in keeping crop insurance accessible. “Only seven percent of the farmers in the country said, yeah, I think I could probably continue to buy about the same amount of protection so what that tells you is that 93 percent of the farmers out there would not be able to get the same level of crop insurance and that’s important for policymakers to understand.”