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Farm Bureau acquires Crop1

Agriculture.com Staff 01/25/2006 @ 1:49pm

Farm Bureau Mutual Insurance Company announced today that it has acquired the Des Moines-based Crop1 Insurance Direct, Inc.

"This acquisition will help us to expand service to our farmer market," said Bruce Trost, Farm Bureau Mutual Executive Vice President in a release. "Crop1's technology and proven savings will help us provide innovative and affordable crop insurance to meet the unique needs of crop producers throughout our marketing territory - we're a winning combination that’s great for agriculture," he added.

Crop1 is a wholly-owned subsidiary of Farm Bureau Mutual Insurance Company, one of three property-casualty insurance companies managed by FBL Financial Group, Inc.

Crop1 says it plans to conduct business in the following 21 states during the 2006 crop year: Arizona, California, Colorado, Iowa, Idaho, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, North Dakota, Nebraska, New Mexico, Ohio, Oklahoma, Oregon, South Dakota, Texas, Washington and Wisconsin.

Farm Bureau Mutual Insurance Company announced today that it has acquired the Des Moines-based Crop1 Insurance Direct, Inc.

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