Insurance for farmers.

Is Your Farm Underinsured?

Don’t risk finding out if your farm is underinsured when you have a loss. Insuring to the accurate value of your home, buildings, equipment, and inventory is an important consideration when reviewing your insurance coverage needs. If you were to have a major loss and your property was unable to be valued, your claim reimbursement could fall short of the actual value and ultimately create financial losses. It is important to regularly meet with your insurance agent and ensure that your property value is up to date. You can ask for in-person visits [...]

2019-05-01T16:20:55+00:00May 25th, 2019|

Planning to Transition the Farm

In the United States, family farms account for about 98% of farms. Additionally, these farms produce about 85% of the nation’s agricultural output. Many of these farms have been in the family for decades, for generations. They are, without question, the foundation for our nation’s food supply and beyond. However, a USDA study in 2012 found that 89% of these family farms do not have a succession plan in place and about 70% of the farms were likely to change hands in the next couple of decades. The average age of a [...]

2018-12-10T15:10:35+00:00June 12th, 2018|