Hemp Insurance

Industrial Hemp Insurance For Farms & Businesses

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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 2018 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 Wisconsin Dept of Agriculture Trade and Consumer Protection for 2019. 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 2018 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 available for 2019. Crop hail covers losses due to hail, fire, lighting, vandalism and vehicle damage.

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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 for 2020. 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. Sales closing date for all counties is March 15^th.

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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.

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5% FARM DIVIDEND FOR THE SIXTH YEAR

An estimated $2.8 million will be paid out in 2022

For the sixth 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 2021 farm policyholders. See how you can qualify!

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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 Crops
We know that the livelihood of farmers can depend on the weather. And in Wisconsin, it’s hard to tell what the season will bring.

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Dairy Revenue Protection
Dairy RP is a product designed to protect the revenue of milk production on a dairy operation.

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Workers’ Compensation for Farmers
In 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?

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Commercial Agribusiness Insurance
With 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!

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hemp insurance for business, growers, processors

Hemp Insurance
We expanded our agribusiness practice to serve Wisconsin Industrial Hemp operations, including growers, distributors and retailers.

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Crop & Livestock Insurance
Multi-peril crop insurance (MPCI), Livestock Risk Protection and Livestock Gross Margin policies are risk management tools to protect your production.

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Hemp Insurance

Hemp Insurance from the #1 Farm Insurer in Wisconsin

Is Hemp Legal in Wisconsin?

CBD and Hemp Insurance: Who do we cover?

Farm Hemp Coverage

Commercial Hemp Coverage

Industrial Hemp Crop Hail Insurance

Industrial Hemp Covered by Multi-Peril Crop Insurance

Contact us to protect your hemp operation

The Rise of Hemp and What it Means for Wisconsin

Learn From TheFarm Experts

5% FARM DIVIDEND FOR THE SIXTH YEAR

Explore our Agriculture Insurance Coverages

Learn From The
Farm Experts