Rural Mutual Insurance Continues Strong Support with 5% Farm Dividend for 2024

Continued Commitment to Wisconsin Farmers

Rural Mutual Insurance Company has confirmed that a 5% dividend will be awarded for eligible farm policies for the upcoming year, 2024. This announcement marks the ninth consecutive year that the company has rewarded its policyholders—a testament to its ongoing dedication to supporting farmers in Wisconsin.

The Board of Directors expressed enthusiasm as they revealed their plan to distribute an estimated $3.9 million to farm policy renewals. Farmers across the state can expect to receive checks for their dividends in late February and early March of 2025. Since the inception of this rewarding initiative, Rural Mutual has distributed an impressive total of $27 million to its policyholders, reflecting the company's significant commitment to the agricultural community.

Dan Merk, the Executive Vice President and CEO of Rural Mutual Insurance, emphasized the importance of the Farm Dividend Program. He stated, "As an organization founded by farmers, we fully comprehend the significance of this program to our policyholders. Sharing our financial success with farmers allows us to show appreciation for their hard work, which forms the backbone of our state."

Founded in 1934, Rural Mutual became the first insurance provider in Wisconsin to offer dividends to farm policyholders in 2017, highlighting its forward-thinking approach in the industry. The company is proud of its nearly century-long relationship with the Wisconsin Farm Bureau Federation, the very organization that laid the groundwork for its establishment.

Rural Mutual Insurance stands out not only for its innovative dividend program but also for its exceptional knowledge of the local market. As a single-state insurer, it has earned its reputation as the top writer of farm insurance in Wisconsin, offering comprehensive coverage options that include home and personal items, farm buildings, vehicles, farm personal property, and worker's compensation for farm employees.

This strategic focus on supporting local farmers aligns with Rural Mutual’s values and mission. The Farm Dividend Program is just one element of their broader commitment, designed not only to aid their policyholders but also to bolster the overall agricultural economy in Wisconsin.

Furthermore, the financial support provided through these dividends serves as a vital buffer for farmers who may face economic challenges, especially in changing market conditions or unforeseen circumstances such as natural disasters. The steady support from Rural Mutual Insurance helps foster resilience within the farming community, ensuring that policyholders have a reliable partner by their side.

For those wanting to learn more about how to benefit from this program, reaching out to a Rural Mutual Agent or visiting their dedicated Farm Dividend Program page is encouraged. Knowledgeable agents are available to guide farmers through their options and explain details regarding their farm coverage.

About Rural Mutual Insurance Company

Rural Mutual Insurance has been a steadfast protector of Wisconsin's residents for over 90 years. As the foremost writer of farm insurance and the fourth leading provider of commercial insurance in the state, they take pride in offering a broad range of insurance products. With a stellar AM Best A+ Superior rating, Rural Mutual is dedicated to the people of Wisconsin, represented by more than 150 local agents who prioritize local needs and insights.

In a climate where many companies may overlook the unique challenges faced by rural residents, Rural Mutual Insurance remains committed to supporting Wisconsin's farmers through initiatives like the Farm Dividend Program, ensuring that they can thrive today and into the future.