Definition: Farm bureau, KY Insurance: The Farm Bureau Insurance program was launched in 1948 by the National Association of Insurance Commissioners to provide an insurance policy that would cover the personal, commercial or other business interests of farmers and rural residents. This policy is designed to protect the farm industry against loss from natural disasters, fraud, theft and other risks. The coverage offered by the Farm Bureau program covers a wide range of risks including crop losses due to weather damage, livestock deaths, equipment failures, and disease outbreaks. The premiums paid for this insurance are often low, making it accessible to farmers of all sizes and income levels. The KY Insurance Program is administered by the Kentucky Association of Insurance Commissioners (KYAI). Its mission is to provide a high-quality, affordable insurance program that ensures the safety and security of farmers and rural residents in Kentucky.
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