Captive insurance can be confusing at times. However, a captive can be a great addition to the tool belt of farmers and ranchers. Captive insurance is gaining popularity in the agribusiness world as insurance industry professionals continue to explore the many applications possible.

In this podcast episode, Prabal Lakhanpal, vice president, Spring Consulting Group, explains in a Snap Talk the basics of captive insurance and why a captive may be the right solution for your client.