1893

The First Years

During the panic of 1893, wheat prices had plummeted. Farmers who had borrowed money to buy more land and new machinery now had to pay back loans in more valuable dollars.

Rockford area farmers faced the same financial problems as their national counterparts including losses incurred from violent windstorms, including tornados.

It wasn’t until 1893 that Illinois law offered charters to form mutual associations.

| Rockford Mutual Insurance Company

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