What is Livestock and Crop Insurance and do I need it?
America runs on farmers – they feed our nation and the rest of the world. There are millions of farms, from large agribusinesses to small family farms that have been handed down from generation to generation, but no matter what the size or type of farm, each and every one can benefit from the right insurance.
No matter if you run a cattle operation or harvest row crops, there is an insurance coverage plan out there than can help insure your financial stability in case of bad weather, sick animals or a diseased crop.
How Do I Cover My Livestock and Crops?
Livestock Insurance: Most farm coverages provide protections for your animals. You can choose from blanket coverage (coverage up to a specified coverage amount), or you can make a schedule of the high value animals you want to cover in the event of death. (This would make sense for a well bred stud, or bull that your breeding operation depends on.)
You can also have a combination of blanket and specific coverage. Covered losses include death by accidents and other events. To have coverage for animals that pass away due to sickness or disease, you need animal mortality insurance. This insurance is available as blanket or schedule and covers high-value cattle, horses and other animals as well.
Crop Insurance: Crop insurance protects you if you have a crop loss due to an unavoidable natural disaster, weather event, or disease. You can also protect your crop prices from commodity market price flippancy and can cover specific crops with a crop insurance policy.
Start Protecting Your Livestock and Crops Today
Farming can be an unpredictable business due to the many factors out of your control that can threaten your livelihood and success. Weather, natural disasters and the market can all pose risks, but the right insurance can help give you peace of mind and keep your operation going years into the future.
