Farm Credit of Western New York: Financial Solutions: Manage Risk

Farm Credit insurance and fixed-rate options can smooth out the ups and downs—so you can focus on the things you can change

Credit Life Insurance

Click on a photo to see what our customers say about our risk mangement services.
Dziedzic Farms, LLC	Ogorzalek Dairy Farm
Dave Prutsman	Clearview Farms

A credit life insurance policy protects dependents (or loan cosigners) from the financial burden of outstanding debt. Credit
life insurance pays off the policy owner's insured loans immediately. It provides peace of mind by protecting your estate and your survivors' credit ratings by preventing loan default. To better understand credit life insurance, click here for frequently asked questions.

Fixed interest rates.
When you fix your interest rate for a specific period, you'll find that financial planning is easier. For convenience, you may convert to another fixed rate or to a variable rate when the specified period is over.

Why should I buy Crop Insurance

Everyone has insurance – either you buy it from an insurance company or you insure yourself. With self-insurance you have a policy with a 100 percent deductible. Buying insurance is better than the alternative and it makes good economic sense.

Crop insurance is subsidized by the USDA Risk Management Agency (RMA) to make the premiums more affordable. Depending on the level of coverage, RMA pays between 55 percent and 67 percent of the premium.

From 1997 through 2004 more than $425 million of claims have been paid to Northeast farmers. If all these growers had self-insured that would have been a reduction of $425 million supporting agriculture.

You’ve worked hard to build a successful business. Protect your net worth with effective risk management tools including: