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October 27, 2022

Harvest Season Is Underway in Iowa

Harvest season in Iowa has begun, and now is the perfect time to review your current insurance coverage to help protect you against common farming risks.

Contact Interstate Insurance Solutions in Newton, Iowa, today to learn more about evaluating your current insurance.

Iowa’s Corn Crop in Good Condition

According to the U.S. Department of Agriculture, about 64% of the state’s corn crop is rated good or excellent. Last year, 58% of Iowa corn crops were rated good or excellent. Iowa’s soybeans are 63% good or excellent, which is better than last year’s rating at this time.

A large area of southeast Iowa is experiencing severe drought conditions, and the state is currently enduring some of the driest conditions in nearly a year. Areas of northwest Iowa are experiencing extreme drought conditions.

How Crop Insurance Can Help When Crops Suffer Due to Drought

Farmers depend on crop insurance to help support their farming operations when unexpected covered events destroy their crops or cause low yields. The U.S. government works with insurance providers to offer crop insurance, including crop revenue insurance, multiple peril crop insurance (MPCI) and crop-hail insurance.

  • Multiple peril crop insurance can help protect farmers against potential revenue losses and lower yields caused by various natural events, including drought, destructive weather, fire, insect damage or disease. When natural events damage insured crops, the policy can help provide a farmer with financial compensation.
  • Crop revenue insurance can help farmers by providing reimbursement if prices are low or crops have a low yield. This policy helps protect farmers from large crop price swings, no matter the reason.
  • Crop-hail insurance is an endorsement that farmers may choose to add to their MPCI policy to help provide financial protection in case their crops are negatively affected by hail damage.

Is Crop Insurance Required?

Crop insurance is optional, but farmers who want access to certain government benefits, including disaster benefits, must have crop insurance or waive eligibility. Farmers with production loans must have crop insurance to meet their lender’s requirements.

How to Get Crop Insurance

Farm insurance is a group of policies designed to help support the financial stability of your farming operation. Premiums are set by insurers, so it’s essential to work with an experienced agent who can help you get multiple quotes to get the best value for your insurance dollar.

Contact the crop insurance experts at Interstate Insurance Solutions today to get help tailoring your farm insurance policies to meet your organization’s needs.


This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

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