MADISON, Wis., Feb. 17, 2025 /PRNewswire/ -- The Board of Directors for Rural Mutual Insurance Company declared a 5% dividend on all eligible farm policies for 2024 farm policyholders. The announcement marks the ninth year in a row a Farm Dividend has been declared.

An estimated $3.9 million will be paid out upon farm policy renewals in 2025. Farmers will begin receiving dividend checks in late February and early March. Over the past nine years, Rural Mutual has paid out a total of $27 million to its farm policyholders in Wisconsin.

"As a company founded by farmers, we understand how important the Farm Dividend Program is to our policyholders and it's incredibly rewarding to share our financial success with farmers across the state," said Dan Merk, Executive Vice President and CEO of Rural Mutual Insurance. "Our vision when we started this program was to create something to show our appreciation and recognize farmers as the backbone of our state. As we mark our ninth year, we're incredibly proud of the impact we've had on Wisconsin farmers."

In 2017, Rural Mutual became the first Wisconsin-based insurance company to offer farm policyholders a dividend. The Farm Dividend Program is just one of many ways Rural Mutual continues to support its farm policyholders. The program also nurtures Rural Mutual's nearly century-long relationship with the Wisconsin Farm Bureau Federation, which founded the insurance company in 1934. 

As a single-state insurer, Rural Mutual's local agents have unmatched knowledge specific to Wisconsin, helping establish the company as the No. 1 writer of farm insurance in the state. Its farm coverage options include home and personal items, farm buildings, vehicles, farm personal property, and workers' compensation for farm employees.

For more information, please reach out to a Rural Mutual Agent, or visit the Farm Dividend Program page.

About Rural Mutual Insurance Company

Rural Mutual Insurance Company has been protecting Wisconsin for over 90 years and is the state's No. 1 writer of farm insurance and No. 4 writer of commercial insurance. As an AM Best A+ Superior company, Rural Mutual provides a full line of insurance products exclusively to farms, families, and businesses in Wisconsin. The company is headquartered in Madison, Wisconsin with over 150 local agents across the state.

View original content:https://www.prnewswire.com/news-releases/rural-mutual-insurance-declares-5-farm-dividend-for-ninth-straight-year-302378365.html

SOURCE Rural Mutual Insurance Company