The U.S. Irrigation Insurance Market was valued at USD 350.4 Million in 2024, and is projected to reach USD 465.8 Million by 2030, rising at a CAGR of 5.00%. Irrigation systems are now a crucial investment in modern agriculture. Farmers seek insurance coverage to protect against mechanical failures, natural disasters, and operational disruptions. The market growth is primarily influenced by factors such as the growing adoption of advanced irrigation systems, rising climate uncertainties, and increasing awareness among farmers about financial protection against equipment failures and weather-related damages.
Farmers in the U.S. are increasingly adopting advanced irrigation systems to improve water efficiency, boost crop yields, and reduce costs. Sprinkler and drip irrigation technologies are gaining popularity as water scarcity and climate variability grow. Government incentives and subsidies are encouraging investment in modern irrigation infrastructure. With more farmers relying on these systems, irrigation insurance is in higher demand to protect against mechanical failures, malfunctions, and weather-related damage. Insurance plays a key role in ensuring the long-term resilience and sustainability of U.S. agriculture.
Rising climate uncertainties are significantly increasing risk exposure for U.S. farmers, making irrigation insurance. Extreme weather events such as droughts, floods, and heavy precipitation are impacting crop yields, soil quality, and overall farm productivity. In 2024, in the U.S., weather-related disasters caused over USD 20.3 billion in agricultural losses, with a substantial portion remaining uninsured or outside policy coverage limits. This underscores the need for robust irrigation insurance solutions, supporting market growth as farmers seek financial protection against unpredictable climate risks.
Furthermore, prolonged drought conditions in Southern and Midwestern states have severely damaged field crops. Ranchers have been forced to sell livestock early due to high feeding costs. Excessive rainfall has led to soil erosion and agricultural runoff, threatening water quality and farm sustainability. The increasing climate challenges are driving higher demand for comprehensive irrigation insurance. Farmers need coverage to mitigate financial risks from unpredictable weather, system failures, and crop damage, ensuring long-term agricultural resilience.
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Farmers in the U.S. are increasingly adopting advanced irrigation systems to improve water efficiency, boost crop yields, and reduce costs. Sprinkler and drip irrigation technologies are gaining popularity as water scarcity and climate variability grow. Government incentives and subsidies are encouraging investment in modern irrigation infrastructure. With more farmers relying on these systems, irrigation insurance is in higher demand to protect against mechanical failures, malfunctions, and weather-related damage. Insurance plays a key role in ensuring the long-term resilience and sustainability of U.S. agriculture.
Rising climate uncertainties are significantly increasing risk exposure for U.S. farmers, making irrigation insurance. Extreme weather events such as droughts, floods, and heavy precipitation are impacting crop yields, soil quality, and overall farm productivity. In 2024, in the U.S., weather-related disasters caused over USD 20.3 billion in agricultural losses, with a substantial portion remaining uninsured or outside policy coverage limits. This underscores the need for robust irrigation insurance solutions, supporting market growth as farmers seek financial protection against unpredictable climate risks.
Furthermore, prolonged drought conditions in Southern and Midwestern states have severely damaged field crops. Ranchers have been forced to sell livestock early due to high feeding costs. Excessive rainfall has led to soil erosion and agricultural runoff, threatening water quality and farm sustainability. The increasing climate challenges are driving higher demand for comprehensive irrigation insurance. Farmers need coverage to mitigate financial risks from unpredictable weather, system failures, and crop damage, ensuring long-term agricultural resilience.
U.S. Irrigation Insurance Market Report: Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the U.S. irrigation insurance market report based on component, type of coverage, and distribution channel:Component Outlook (Revenue, USD Million, 2018-2030)
- Center Pivot Structure
- Sprinkler Systems
- Motors and Pumps
- Electrical Systems
- Others
Type of Coverage Outlook (Revenue, USD Million, 2018-2030)
- Comprehensive Coverage
- Mechanical Breakdown Coverage
- Weather-related Coverage
- Others
Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Direct Sales
- Insurance Brokers & Agents
- Online Platforms
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Irrigation Insurance Market Variables, Trends, & Scope
Chapter 4. U.S. Irrigation Insurance Market: Component Estimates & Trend Analysis
Chapter 5. U.S. Irrigation Insurance Market: Type of Coverage Estimates & Trend Analysis
Chapter 6. U.S. Irrigation Insurance Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The companies profiled in this U.S. Irrigation Insurance market report include:- UNICO Group, Inc.
- Agri Industries
- Chubb Agribusiness
- Plummer Insurance
- Scribner Insurance Agency
- Gerald Ross Agency
- Central Valley Irrigation
- DFS Insurance
- Western Shelter Insurance, Inc.
- Minnesota Valley Irrigation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 350.4 Million |
| Forecasted Market Value ( USD | $ 465.8 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | United States |
| No. of Companies Mentioned | 11 |
