Hemp Insurance Industrial Hemp Insurance For Farms & Businesses Request A Quote Talk To An Agent Home > Insurance > Agriculture & Farm Insurance > Hemp Insurance Hemp Insurance from the #1 Farm Insurer in Wisconsin We expanded our agribusiness practice to serve Wisconsin Industrial Hemp operations, including growers, distributors and retailers. As the number one farm insurer in Wisconsin, we strive to understand the complexity of the hemp industry to better serve our clients insurance needs. Is Hemp Legal in Wisconsin? The Farm Bill removed hemp from the federal Controlled Substances Act (CSA). Hemp in Wisconsin is recognized as an agricultural commodity and can be grown for many types of products, which fall into three main categories: CBD oil, fiber and grain/seed All growing and processing of hemp in Wisconsin will continue to be regulated and administered through the Wisconsin Dept of Agriculture Trade and Consumer Protection. Farmers must have a valid growers license and annual registration to grow Hemp in Wisconsin CBD and Hemp Insurance: Who do we cover? The following types of industrial hemp operations can be considered for coverage: Farm Hemp Coverage Harvesting and Storing of Industrial Hemp (insured’s own crop) Storing Industrial Hemp of Others Custom Farming Operations Drying Industrial Hemp for Others Processing of Industrial Hemp Commercial Hemp Coverage Hauling for Others Trip Transit and Motor Truck Cargo Custom Farming Operations and Drying for Others Processing of Industrial Hemp and Manufacturing of Hemp Products Retail Sales of Industrial Hemp Choose from a broad range of commercial insurance coverage for large and small business operations, including business auto insurance, workers’ compensation and equipment breakdown. Industrial Hemp Crop Hail Insurance Learn more about crop hail and multi-peril crop insurance Even though the Farm Bill makes industrial hemp eligible for federal crop insurance, it could be up to 4 years before the USDA has hemp crop insurance available. Since Multi-Peril Crop Insurance (MPCI) is a federally regulated program, Authorized Insurance Providers (AIP’s) have to wait for the USDA to develop and release hemp crop insurance programs. Meanwhile, private insurance companies can develop their own Crop Hail Insurance for Hemp. Rural Mutual is offering Crop Hail for Hemp. Crop hail covers losses due to hail, fire, lighting, vandalism and vehicle damage. Learn More Industrial Hemp Covered by Multi-Peril Crop Insurance Learn more about multi-peril crop insurance Wisconsin is included in a pilot program offering Multi-Peril Crop Insurance (MPCI) coverage on Hemp. Insurable types of hemp include Grain, Fiber and CBD. Multi-Peril Crop Insurance covers losses due to drought, excess moisture, disease, fire, insect damage, hail, wildlife damage, and more. In order to qualify, the variety of hemp grown must be listed as approved by the state regulatory authority, it must meet minimum acreage requirement based on type to be insured and you must have at least one year of history with hemp. Learn More Contact us to protect your hemp operation Submit this from online and a Rural Mutual hemp expert will contact you. The Rise of Hemp and What it Means for Wisconsin Uncertainty in the farming industry are forcing Wisconsin farmers to think ‘outside the barn’ for alternative crops to cultivate. Hemp may just be the answer they are looking for. Read More Learn From TheFarm Experts Winter Safety on the FarmWhen winter rolls around in Wisconsin, the changing weather can bring new challenges, especially for the agriculture industry. Wisconsin winters … Read more 5 Tips to Efficiently Handle CattleRaise your hand if you’ve lost your temper while working cattle. Better yet, raise your hand if your dad or … Read more Stop Farm Stress Before It Stops YouIt’s no secret that farming is a stressful occupation. A mental health training program offered through the Division of Extension, … Read more Tips to Safely Handle Farm AnimalsWhen it comes to farm animal safety, it is essential to follow safety guidelines and best practices to minimize the … Read more What to Consider When Venturing into Agricultural TourismMany farms are diversifying their income by adding forms of agritourism, also known as agritainment. This can bring visitors to … Read more Tips to Prevent WildfiresWisconsin wildfires may not be as newsworthy as mass blazes in Canada or the Western U.S., but it can cause … Read more 5% FARM DIVIDEND FOR THE SEVENTH YEAR $18 Million Given Back to Farm Policyholders Through Dividend Program For the seventh year in a row since Rural Mutual Insurance established the first-of-its-kind Farm Dividend Program, the company’s Board of Directors declared a 5% dividend on all eligible farm policies for 2022 farm policyholders. See how you can qualify! Learn More Explore our Agriculture Insurance Coverages We know your farm is more than your business, it’s your way of life. We offer a broad range of coverage options to prevent putting that way of life at risk. Hail Coverage for CropsWe know that the livelihood of farmers can depend on the weather. And in Wisconsin, it’s hard to tell what the season will bring. Learn More > Dairy Revenue ProtectionDairy RP is a product designed to protect the revenue of milk production on a dairy operation. Learn More > Workers’ Compensation for FarmersIn the event of an unforeseen accident there’s a lot at stake for everyone involved. Who is going to pay for the medical bills if a worker is injured on the job? Learn More > Commercial Agribusiness InsuranceWith contract or custom farming or agri-tainment, there are many moving parts to make sure your business and your partners are successful. Let us help! Learn More > Hemp InsuranceWe expanded our agribusiness practice to serve Wisconsin Industrial Hemp operations, including growers, distributors and retailers. Learn More > Crop & Livestock InsuranceMulti-peril crop insurance (MPCI), Livestock Risk Protection and Livestock Gross Margin policies are risk management tools to protect your production. Learn More >
