STRENGTHENING AMERICA'S AGRICULTURAL RESILIENCE WITH ADVANCED AGPROTECTION
August 30, 2023
Palomar Invests in Advanced AgProtection, a Leading Crop Insurance MGA
On the heels of a fronting partnership announced earlier this year, Palomar has completed a strategic investment in Advanced AgProtection (“AAP”), an industry leader serving the United States crop insurance sector. Palomar’s investment will support the successful rollout of the partnership between the two companies as well as AAP’s ongoing expansion. Jon Christianson, President of Palomar, will join AAP’s Board of Directors.
Christianson commented, “With extensive experience in the sector, the Advanced AgProtection team has a customer-focused business model supported by state-of-the-art technology that helps American farmers mitigate increasing risks and uncertainties. We are proud to support AAP’s efforts to strengthen America’s agricultural resilience and look forward to working closely with the AAP team.”
As one of only 13 USDA-approved agricultural insurance programs, the partnership between Palomar and Advanced AgProtection represents a dynamic force in the crop insurance landscape. By combining their expertise and resources, Palomar and AAP are shaping the future of crop insurance, fostering resilience within the agricultural community, and aiding the vital work of farmers across the nation.
The Importance of Crop Insurance
Uncertainties are a constant companion for farmers. From unpredictable weather patterns to pests to market fluctuations, the risks they face can have a significant impact on their livelihoods.
Crop insurance is an indispensable component of the agricultural landscape. It plays a vital role in protecting against natural disasters, combating food insecurity, and supporting rural communities.
As we continue to navigate an increasingly uncertain world, the support and expansion of crop insurance programs are essential to securing the future of American agriculture. By investing in the resilience of our farmers, we safeguard not only their livelihoods but also the foundation of our nation’s food supply.
August 24, 2023