The annual enrollment allows you the opportunity to change your benefits package as your needs change. Cost-sharing with the employees has always been an integral part of Farmland's benefits philosophy and this has continued with the flexible benefits approach. Due to the escalating costs of some of our benefit programs we will be monitoring those plans and costs and will promptly communicate to you any changes in costs or coverages. Group Insurance Farmland provides comprehensive health, dental and life insurance programs. The plan is administered solely for the purpose of providing benefits for Farmland and its subsidiaries' employees, retirees, and their dependents.
Participation is voluntary.
Premiums are subsidized by the Company. Plans can be elected separately. Once each year thereafter the policy value is adjusted based on changes in the employee's salary. Accidental Death and Dismemberment and dependent coverages are available. Through employee and organizational development, Farmland's work force reaches the highest level of skill and quality, business unit productivity increases and Farmland Industries maximizes efficiency, profitability and performance.