Crop insurance remains a stable ship in an otherwise turbulent financial services sea, according to industry officials, even though the economy is in recession, industry subsidies were reduced through the 2008 federal farm bill, and there are concerns about further cuts in federal programs.

“However, the industry is well-capitalized and can pay claims in a timely way,” Robert Parkerson, president of National Crop Insurance Services in Overland Park, Kan., told NU last spring.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.