2025 Federal Crop Insurance Change

2025 Federal Crop Insurance Change

Country Financial Crop Insurance Agency Manager, Doug Yoder says there are some federal crop insurance changes that producers should be aware of, even though they are not too significant.

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“Easily, the biggest one this year are the Enhanced Coverage Options, premium discounts or subsidies. ECO is a supplemental product that farmers can buy and attach additional coverage on top of their personal farm level coverage all the way up to 90 or 95% using Eco and those subsidies, starting for 2025 crop year, those subsidies have been increased to 65% so the farmer share, the landowner share of the total premium would be 35% in the past, depending on what you bought, those subsidies were either 44% or 51% depending on which product you bought. This year, all of the subsidies are moving to 65% which is very timely.”

Resulting in increased interest in ECO.

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“When ECO came out in 2021 I instantly saw farmers have a demand, have an appetite for that sort of extra coverage. They bought it in pretty decent fashion, but we were quickly getting to a point where I’d say, if we weren’t seeing some claim results, they were probably going to start looking for some other sort of option. Well, last year, in 2024 the claims for 2023 crop you were announced, and they were large for ECO, for the 23 crop.”

Crop Insurance Agent, Doug Yoder.