Farm Bureau Mutual Insurance Company has acquired the Des Moines-based Crop1 Insurance Direct Inc.



"This acquisition will help us to expand service to our niche market," said Bruce Trost, Farm Bureau Mutual executive vice president. "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."



Billy Rose, CEO for Crop1 Insurance, said, "We're delighted that this transaction allows Crop1 to offer a savings to more crop producers across a broader geography."



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., an insurance and financial services holding company based in West Des Moines.



Crop1 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.



Crop1 is a managing general agency offering the Federal Multi-Peril Crop Insurance program. This federally reinsured MPCI program is offered under the supervision of the Risk Management Agency of the USDA.



SOURCE: Farm Bureau Mutual Insurance Co. news release.