What Types of Insurance Do Farmers Need?
Of course, farmers will have their own unique insurance needs. Their businesses vary by the type of product they produce, and where they are located. In this way, a farm is similar to any sort of business. Agricultural producers, like farmers and ranchers, need to cover their business investments and income just like any manufacturer would. Crop Insurance – Agricultural producers, like farmers and ranchers, can protect their crops against a natural disaster. Some types of farmers crop insurance can be purchased from private insurers, while some types are provided by a department of the US Department of Agriculture. General Coverage – As a farmer, you will need to consider farmers property and liability insurance, just like any other business owner. If an expensive piece of machinery is damaged, or worse, a person is injured, you will want to have an insurer on your side. Specialty Insurance – Some producers will have special needs, depending upon the type of crop or livestock they rais
