West Des Moines, IA, July 9, 2025 – Momentum Ag, a division of Patriot Growth Insurance Services, LLC, has announced the addition of property and casualty (P&C) insurance to its portfolio, offering farmers and ranchers a comprehensive solution to protect their operations. This expansion, detailed in a July 8, 2025, press release, complements Momentum Ag’s established expertise in federal crop insurance and livestock coverage, addressing growing client demand for broader risk management options.
New Coverage Details
The new P&C offerings include protection for:
- Dwellings and Farm Structures: Coverage for homes, barns, and outbuildings.
- Machinery and Equipment: Insurance for tractors, combines, planters, and other essential farm tools.
- Livestock and Crops: Protection against losses from fire, theft, or other covered perils.
- Liability: Safeguards against legal claims arising from accidents or injuries on the farm or ranch.
Customizable endorsements allow farmers to tailor coverage to specific risks, such as weather-related damage or equipment breakdowns. Momentum Ag leverages its partnership with Patriot Growth Insurance Services to collaborate with top-tier carriers, ensuring competitive rates and reliable policies. The company emphasizes a streamlined process for quoting and claims, backed by personalized service from agents, many of whom are farmers or ranchers themselves, bringing firsthand insight into agricultural risks.
Driving Factors and Industry Context
Lucas Strom, President of Momentum Ag, cited client feedback as the catalyst for the expansion. “Farmers and ranchers have been asking for a streamlined way to address all their insurance needs,” Strom said. “While our primary focus remains on production agriculture through the federal program, we’ve heard from many farmers looking for additional coverage options.” This move aligns with industry trends, as U.S. farmers spent over $6 billion on crop insurance in 2024, covering 543 million acres, according to Insurance Business America. A bipartisan bill introduced in Congress in 2025 further supports this expansion by proposing increased federal subsidies for crop insurance premiums, potentially enhancing access to comprehensive coverage.
Momentum Ag’s P&C offerings address the increasing complexity of farming and ranching, where risks like extreme weather, equipment failure, and liability claims are rising. The company’s technology-enabled platform and experienced agents aim to simplify the insurance process while maintaining a focus on client needs.
About Momentum Ag and Patriot Growth
Founded as a division of Farmers Business Network (FBN Insurance LLC) and rebranded under Patriot Growth in January 2024, Momentum Ag employs over 50 professionals with more than 500 years of combined industry experience. Licensed in all 50 states, the agency specializes in crop, livestock, and now P&C insurance, delivering tailored solutions nationwide. Patriot Growth, ranked the 24th largest broker in the U.S. by Business Insurance in 2024, supports Momentum Ag with national-scale resources while allowing local autonomy.
Implications for Farmers and Ranchers
This expansion positions Momentum Ag as a one-stop insurance provider, offering farmers and ranchers a seamless way to protect their entire operation. The addition of P&C coverage complements existing programs like Pasture, Rangeland, and Forage (PRF) insurance and Annual Forage coverage, which use NOAA’s Rainfall Index to mitigate losses from low precipitation. With customizable plans and a focus on client-centric service, Momentum Ag aims to enhance financial stability for agricultural producers facing unpredictable challenges.
For more information or to explore coverage options, visit momentum.ag or contact an agent at 866-876-6794.