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Agricultural Asset Protection: From Fields to Nurseries, Understanding Crop Insurance Basics
Crop insurance losses are expected to top $11 billion for 2011 following drought, floods and damaging weather, according to the U.S. Department of Agriculture's Risk Management Agency (RMA). For many agricultural producers (farmers)*, crop insurance is an important risk management tool. To better understand how crop insurance can provide an economic backstop to unforeseen agricultural losses, the National Association of Insurance Commissioners (NAIC) offers this overview.
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