Insurance Alarm Bells

Crop insurance programs are starting to accommodate new knowledge about farmland resiliency. Expect coverage to change and conventional production premiums to ramp up.

A recent look into insurance and moral hazard concluded that even though opting out might feel dangerous, it’s actually more counter-cultural than it is financially risky. Now’s a good time to re-run the math on self-insuring, with premiums on the rise nearly everywhere.