John Deere Exits Crop Insurance: Farmers Mutual Hail becomes the second largest crop hail insurance provider

摘要

Deere & Co. has found a buyer for its crop insurance business. In a deal announced in mid-December, the company announced it will sell John Deere Financial's crop insurance business to Farmers Mutual Hail Insurance Company of Iowa (FMH). "We are confident that customersof John Deere crop insurance will be well served with this action," notes Don Preusser, president of John Deere Insurance Company and John Deere Risk Protection, in a statement. "Farmers Mutual Hail has provided tailored crop insurance packages to farmers for more than 120 years. We believethe success and long tenure of FMH speaks volumes about their dedication to customer service."