EXHIBIT 21                  SUBSIDIARIES OF THE COMPANY

The following is a list ofsubsidiaries of Registrant as of March 18, 2002, other than subsidiaries which,considered in the aggregate as a single subsidiary, would not constitute asignificant subsidiary as defined by Securities and Exchange CommissionRegulation S-X. 

| NAME OF SUBSIDIARY                       | STATE        OF                                                       INCORPORATION |
|------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| American Growers Insurance Company (1)   | Nebraska                                                                                                                                                                                                                                                                                                                       |
| American Agrisurance Inc. (1)            | Iowa                                                                                                                                                                                                                                                                                                                           |
| Acceptance Insurance Services, Inc. (1)  | Nebraska                                                                                                                                                                                                                                                                                                                       |
| Acceptance Insurance Company (1)         | Nebraska                                                                                                                                                                                                                                                                                                                       |
| American Agrijusters, Inc. (2)           | Iowa                                                                                                                                                                                                                                                                                                                           |
| Crop Insurance Marketing, Inc. (3)       | Iowa                                                                                                                                                                                                                                                                                                                           |
| Gulf States Agrisurance, Inc. (3)        | Nebraska                                                                                                                                                                                                                                                                                                                       |
| U.S. Ag Insurance Services Inc. (4)      | Texas                                                                                                                                                                                                                                                                                                                          |
| Redland Specialty Underwriters, Inc. (5) | Iowa                                                                                                                                                                                                                                                                                                                           |

 

(1)      A wholly owned subsidiary of Acceptance Insurance Companies Inc.

(2)      A wholly owned subsidiary of American Growers Insurance Company.

(3)      A wholly owned subsidiary of American Agrisurance Inc.

(4)      An approximately 60% owned subsidiary of American Growers Insurance Company.

(5)      A 50% owned subsidiary of Acceptance Insurance Services, Inc. and a 50% owned subsidiary of American              Agrisurance Inc.