There are probably a lot of reasons for why you chose to make your living on the farm – from the independence and freedom that comes with owning your own business to knowing the value of a hard day's work. The farming and agricultural industry often involves risk and uncertainty. From unexpected natural disasters to major economic changes in the marketplace, many situations can affect the productivity of your agricultural business.
For most people, a farm is more than a place to work – it's also where you lay your head after a long day. Under the dwelling portion of your Farm Owners policy, dwelling coverage will help pay for damages to your home and any attached structures for all accidents and perils included in your policy. This also would include your personal property and liability.
Livestock Insurance policies will vary from person to person, farm to farm, and animal to animal. As the owner and operator of an independent farm or ranch, you've made a number of investments into your agricultural business – equipment, machinery, and crops. Livestock is also a big investment for farmers and ranchers alike, and like any financial asset, you'll want to ensure a high-level of security and protection – so your animals will stay covered.
Crop-yield insurance covers excess losses to your crops due to natural disasters such as drought or flood as well as other perils like insects or disease. Crop-revenue insurance covers negative changes in the price of a crop that occurs during the crop's growing season.
- Farm Equipment
Farm equipment is one of a farmer's biggest investments. That's why tractor insurance, combine insurance and other machinery insurance are so important to your operation. Farm equipment insurance will cover damages resulting from fire, theft, falling objects, wind/hail, cab glass breakage, overturn, vandalism, lightening and collapse. Farm equipment is one of a farmer's biggest investments; sometimes the biggest. That's why tractor insurance, combine insurance and other machinery insurance are so important to your operation.
Barns, machine sheds, and granaries are essential elements that keep your farming operations running smoothly, but in the event of a disaster, the loss of important property can disrupt business and be financially devastating. This coverage helps pay for the accidental loss of property used for farming purposes due to a variety of perils such fires and some natural disasters.