Crop Insurance Today First Quarter 2020 - 1

C r o p I n s u r a n c e

VisitWebsite

today

ag-risk.org

"For the Want
of a Nail..."
(First in a four part series.)
Tom Zacharias, NCIS President

As we look to our
individual roles within
our industry, we are the
individual nails, horses
and riders that must work
together every day to make
our industry successful,
no matter how small or
insignificant the task
may seem to be.

Welcome to the First Quarter issue of Crop
Insurance TODAY® for 2020. This issue is being
released at our Annual Convention and represents the beginning of not only a new year, but
a new decade as well. As such, it seems only fitting and proper to reflect upon an old proverb as
a means to focus our efforts as we venture forth
on our voyage into the new "space-time continuum." I have come across such a proverb that apparently can be traced to various sources as far
back as the 14th century. A similar recounting is
ascribed to Benjamin Franklin, and somewhat a
bit more recently-more retro actually-the lyrics of Todd Rundgren. Let's go with Todd...

"The Want of a Nail"
"...For want of a nail the shoe was lost.
For want of a shoe the horse was lost.
For want of a horse the rider was lost.
For want of a rider the message was lost.
For want of a message the battle was lost.
For the want of the battle the war was lost.
For want of the war the kingdom was lost...
All for the want of a nail..."
The moral of the proverb (or tale) is fairly
straightforward. Any human endeavor is ultimately a function of individuals working together
as a group or team for presumably a greater good.
Failure at any stage in the process, no matter how
seemingly insignificant at the time, results in a

system breakdown or collapse, "...the kingdom is
lost." Quite frankly, the lessons we can take from
these lyrics and apply to our business are endless.
First, let's begin euphemistically with the
"Kingdom." That is, the scope of the crop insurance industry. The breadth and depth of the crop
insurance industry is incredibly extensive on
multiple levels. As readers of this publication are
aware, crop insurance is comprised of two basic
lines of business; state- and federally-regulated
crop insurance. State-regulated crop insurance,
typically referred to as Crop-Hail insurance, is
written in virtually all states and in 2019 surpassed the $1 billion mark in premium and protects $36 billion in liability. Federally-regulated
crop insurance protects more than 300 million
acres, providing more than $100 billion in liability protection. There are more than 130 different
crop policies and more than 62,000 county/crop
combinations available for farmers to tailor their
individual protection. Since 2000, more than 190
new types of coverages have been introduced expanding the role of crop insurance as the essential feature of the farm safety net.
This would suggest that crop insurance depends upon a lot of horseshoes, a lot of nails...
and a lot of riders. On that score, at last count
a few years ago, the industry was comprised of
approximately 12,000 agents, 5,000 loss adjusters,
Continued on page 33

CROPINSURANCE TODAY®

1


http://www.ag-risk.org

Crop Insurance Today First Quarter 2020

Table of Contents for the Digital Edition of Crop Insurance Today First Quarter 2020

No label
Crop Insurance Today First Quarter 2020 - No label
Crop Insurance Today First Quarter 2020 - Cover2
Crop Insurance Today First Quarter 2020 - 1
Crop Insurance Today First Quarter 2020 - 2
Crop Insurance Today First Quarter 2020 - 3
Crop Insurance Today First Quarter 2020 - 4
Crop Insurance Today First Quarter 2020 - 5
Crop Insurance Today First Quarter 2020 - 6
Crop Insurance Today First Quarter 2020 - 7
Crop Insurance Today First Quarter 2020 - 8
Crop Insurance Today First Quarter 2020 - 9
Crop Insurance Today First Quarter 2020 - 10
Crop Insurance Today First Quarter 2020 - 11
Crop Insurance Today First Quarter 2020 - 12
Crop Insurance Today First Quarter 2020 - 13
Crop Insurance Today First Quarter 2020 - 14
Crop Insurance Today First Quarter 2020 - 15
Crop Insurance Today First Quarter 2020 - 16
Crop Insurance Today First Quarter 2020 - 17
Crop Insurance Today First Quarter 2020 - 18
Crop Insurance Today First Quarter 2020 - 19
Crop Insurance Today First Quarter 2020 - 20
Crop Insurance Today First Quarter 2020 - 21
Crop Insurance Today First Quarter 2020 - 22
Crop Insurance Today First Quarter 2020 - 23
Crop Insurance Today First Quarter 2020 - 24
Crop Insurance Today First Quarter 2020 - 25
Crop Insurance Today First Quarter 2020 - 26
Crop Insurance Today First Quarter 2020 - 27
Crop Insurance Today First Quarter 2020 - 28
Crop Insurance Today First Quarter 2020 - 29
Crop Insurance Today First Quarter 2020 - 30
Crop Insurance Today First Quarter 2020 - 31
Crop Insurance Today First Quarter 2020 - 32
Crop Insurance Today First Quarter 2020 - 33
Crop Insurance Today First Quarter 2020 - 34
Crop Insurance Today First Quarter 2020 - 35
Crop Insurance Today First Quarter 2020 - 36
Crop Insurance Today First Quarter 2020 - 37
Crop Insurance Today First Quarter 2020 - 38
Crop Insurance Today First Quarter 2020 - 39
Crop Insurance Today First Quarter 2020 - 40
Crop Insurance Today First Quarter 2020 - 41
Crop Insurance Today First Quarter 2020 - 42
Crop Insurance Today First Quarter 2020 - 43
Crop Insurance Today First Quarter 2020 - 44
Crop Insurance Today First Quarter 2020 - 45
Crop Insurance Today First Quarter 2020 - 46
Crop Insurance Today First Quarter 2020 - 47
Crop Insurance Today First Quarter 2020 - 48
Crop Insurance Today First Quarter 2020 - Cover3
Crop Insurance Today First Quarter 2020 - Cover4
https://www.nxtbook.com/allen/cint/54-1
https://www.nxtbook.com/allen/cint/53-4
https://www.nxtbook.com/allen/cint/53-03
https://www.nxtbook.com/allen/cint/53-02
https://www.nxtbook.com/allen/cint/53-01
https://www.nxtbook.com/allen/cint/52-04
https://www.nxtbook.com/allen/cint/52-03
https://www.nxtbook.com/allen/cint/52-02
https://www.nxtbook.com/allen/cint/52-01
http://www.brightcopy.net/allen/cint/51-04
http://www.brightcopy.net/allen/cint/51-03
http://www.brightcopy.net/allen/cint/51-02
http://www.brightcopy.net/allen/cint/51-01
http://www.brightcopy.net/allen/cint/50-04
http://www.brightcopy.net/allen/cint/50-3
http://www.brightcopy.net/allen/cint/50-2
http://www.brightcopy.net/allen/cint/50-1
http://www.brightcopy.net/allen/cint/49-4
http://www.brightcopy.net/allen/cint/49-3
http://www.brightcopy.net/allen/cint/may2016
http://www.brightcopy.net/allen/cint/february2016
http://www.brightcopy.net/allen/cint/november2015
http://www.brightcopy.net/allen/cint/september2015
https://www.nxtbook.com/allen/cint/may2015
https://www.nxtbook.com/allen/cint/february2015
https://www.nxtbook.com/allen/cint/november2014
https://www.nxtbook.com/allen/cint/september2014
https://www.nxtbook.com/allen/cint/may2014
https://www.nxtbook.com/allen/cint/february2014
https://www.nxtbook.com/allen/cint/november2013
https://www.nxtbook.com/allen/cint/august2013
https://www.nxtbook.com/allen/cint/may2013
https://www.nxtbook.com/allen/cint/february2013
https://www.nxtbook.com/allen/cint/november2012
https://www.nxtbook.com/allen/cint/august2012
https://www.nxtbook.com/allen/cint/may2012
https://www.nxtbook.com/allen/cint/february2012
https://www.nxtbook.com/allen/cint/44-4
https://www.nxtbookmedia.com