Final answer:
The correct answer to what a local mutual insurance company that insures primarily farm properties is called is a Farm Bureau insurer. These insurers are typically mutual companies, owned by their policyholders who are usually members of the agricultural community.
Step-by-step explanation:
A local mutual insurance company, which operates in a limited geographical area and insures primarily farm properties, is known as a Farm Bureau insurer. This type of insurer typically has strong ties to agricultural communities and provides insurance products that cater to the needs of farmers and ranchers. Being mutual companies, they are owned by their policyholders who are often members of the local agricultural community. The correct answer to the question is D. Farm Bureau insurer.