Farm insurance can offer tailored protection to support the financial well-being of farmers and ranchers. It’s designed to lessen the financial uncertainties associated with managing an agricultural enterprise, whether it involves crop production, raising livestock or operating a dairy farm. Securing appropriate insurance coverage can help ensure peace of mind and economic resilience.

What Is Farm Insurance?

Agricultural or farm insurance generally includes a range of policies aimed at providing financial security for farmers and their operations against various risks. The purpose of this insurance is to offer financial defense, assist farmers in recuperating from setbacks and help ensure the ongoing operation of their business. Among other types of coverage, farm insurance may offer:

• Property protection
• Insurance for crops

• Insurance for livestock

• Liability insurance

• Insurance for farm machinery
  
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How Much Does Farm Insurance Cost?

The following factors can influence the cost of farm insurance:

• Farm’s acreage—Larger operations may have higher insurance costs.

• Livestock—The number and type of animals can affect the premium.

• Structures—The number of sheds, barns, shops or greenhouses can impact premiums.

• Farm machinery—The value and amount of equipment used on the farm may impact premiums.

• Tools and equipment—The cost of insuring these items can vary.

• Additional liability risks—Activities such as tourism, animal boarding, breeding services or having employees may impact premiums.

• Farm vehicles—The value and number of vehicles used for farm operations may affect premiums.

• Specific operations—The type of farming or agricultural activities conducted may impact premiums.

These elements collectively determine the farm’s overall risk profile, which in turn influences the insurance premium. It’s always best to discuss your situation with an insurance agent to get an accurate estimate tailored to your specific situation.

Learn More

Contact Insurance Plus to discuss your farm insurance policy. We can make coverage recommendations for your specific operations.