Ag Moment

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Wednesday, January 04, 2006

Farm Bureau purchases Crop1

From AgNewsWire.com - Farm Bureau Mutual Insurance Company Announces Plan To Acquire Crop1 Insurance

West Des Moines, Iowa – (AgNewsWire) Farm Bureau Mutual Insurance Company announced today that it has signed a letter of intent to purchase Des Moines-based Crop1 Insurance in early 2006. Crop1 Insurance will operate as a wholly-owned subsidiary of Farm Bureau Mutual Insurance Company, one of three property-casualty insurance companies managed by FBL Financial Group, Inc. (NYSE: FFG), an insurance and financial services holding company based in West Des Moines.

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