Operating a farm is dream come true for many Americans – and a risky business for others. Living as a farmer takes many hours and a major financial commitment – it’s a lifestyle, not just a job. Natural disasters, crop failure and sick livestock can all threaten your livelihood. The key to a successful farming venture is identifying risks and planning for the worst case scenario with a well-drawn out risk management plan and sufficient insurance coverage. You can use best practices, hire the right workers, and buy the safest equipment possible, but accidents still happen all the time. Do you have enough property and liability insurance if your barn roof collapses? What about disability insurance for workers who might get injured on a combine – do you know what resources you have to get this coverage at a low cost? Insuring your crops is also crucial if you’re a crop farmer, because a bad year could bankrupt you without the proper insurance.

When you carry adequate farm insurance, you can focus on your farm knowing these hazards will be taken care of if necessary.

What Is Farm Insurance?

The U.S. has millions of farms. Some are large agribusinesses and others are small farms that have been handed down from generation to generation. Every type of farm can benefit from farm insurance, although the coverage limits and some of the risk protections may be different.

A sound farm insurance policy will cover you in three main areas: Home or dwelling and contents coverage, farm property and operations coverage, and liability coverage.