A contract of indemnity by which, for a specified premium, one party promises to compensate another for the financial loss incurred by the destruction of agricultural products from the forces of nature, such as rain, hail, frost, or insect infestation.
The federal government, acting through the Federal Crop Insurance Corporation, an agency of the department of agriculture, sponsors such insurance. By improving the economic stability of agriculture, crop insurance promotes the welfare of the nation.
"Crop Insurance." West's Encyclopedia of American Law. . Encyclopedia.com. (November 18, 2018). https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/crop-insurance
"Crop Insurance." West's Encyclopedia of American Law. . Retrieved November 18, 2018 from Encyclopedia.com: https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/crop-insurance