Agriculture Insurance
Agriculture Insurance is also known as crop insurance which was started in by US Congress. Early Crop Insurance Program was not successful due to low participation of farmer and high program costs. Later on in 1980 this program was made more accessible and affordable to the farmers. Agriculture Insurance (Crop Insurance) was mainly targeted to the farmers, agriculture producers, ranchers and others to provide protection on their loss of the crops due to various reasons like a loss on a revenue due to the depreciation on rate of agricultural commodities, loss due to natural disasters such as floods, hail, drought e.t.c.
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