News

John Deere sells crop insurance business

John Deere has sold its crop insurance division to Farmers Mutual Hail Insurance Company of Iowa (FMH).

John Deere entered the crop insurance business in 2005.  The company announced in September that it was prepared to sell the crop insurance division, saying it wanted to focus on its core manufacturing business.

A leader in the crop insurance industry, Des Moines-based FMH has been run by the same family for over 120 years.
The transaction is subject to regulatory review and approval. Closing is expected in the first quarter of the 2015 calendar year.