UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                     FORM 8K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                          Date of Report: May 28, 1997



                           FARM FAMILY HOLDINGS, INC.
                       
  A Delaware Corporation   Commission File No. 1-11941   IRS No. 14-1789227

                   344 Route 9W, Glenmont, New York 12077-2910
                  Registrant's telephone number: (518) 431-5000







Item 5.  Other Events


     On May 28,  1997,  Farm  Family  Holdings,  Inc.  issued  a  press  release
announcing that the A.M. Best rating of the company's subsidiary was upgraded to
A (Excellent).


Item 7.  Financial Statements and Exhibits


The following exhibits are filed as part of this report:

Exhibit Index

Exhibit 99 - Press Release


                                   Signatures

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                           FARM FAMILY HOLDINGS, INC.
                                                  (Registrant)




 May 28, 1997                      /s/ Philip P. Weber
- --------------                     -----------------------------------------
    (Date)                                      Philip P. Weber
                                               President and CEO











                                                 News Release



                                                 Contact:
  For Release: IMMEDIATE                         Timothy A. Walsh
                                                 Executive Vice President -
                                                 Finance & Treasurer
                                                 (518) 431-5410


 A.M. Best Rating of Farm Family Holdings' Subsidiary Upgraded to A (Excellent)

Glenmont,  New York - May 28, 1997 -- Farm Family  Holdings,  Inc.  (NYSE:  FFH)
today announced that A.M. Best has upgraded the rating of its  subsidiary,  Farm
Family Casualty  Insurance  Company,  to A (Excellent) from A- (Excellent).  The
upgrade  reflects Farm Family  Casualty's  improved  capitalization,  profitable
operating performance and favorable loss reserve development.

Philip P. Weber,  President & CEO of Farm Family  Holdings,  Inc.  said, "We are
pleased with A.M. Best's rating action. In addition to the capital infusion from
our initial public offering,  Farm Family Casualty  continues to be strengthened
by profitable operating results."

Farm Family Casualty  Insurance Company is a specialized,  regional property and
casualty  insurer  of farms  and  agricultural  related  businesses,  as well as
residents and businesses of rural and suburban communities.


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