7 Types Of Insurance Needed For Farming

farming equipment insurance

Owning and running a farm comes with several different risks, from damage to machinery, buildings, or vehicles to public liability claims, to the loss of livestock, etc. Having a farm insurance policy in place can help protect you financially from most of these risks and ensure that your business keeps running smoothly. Here are the seven different types of insurance needed for farming Farm Liability Insurance Farm liability insurance is a type of general liability insurance that covers claims against your farm concerning property damage and bodily injury primarily. If…

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Crop insurance a key part of Obama’s federal deficit remedy.

President Obama unveiled his plans to tackle the federal deficit Monday. One of the ways the administration will confront the federal deficit is by making changes to the overarching agricultural infrastructure of the nation. Obama is looking to provide farmers with a $5 billion annual subsidy that will help them regulate the price of crops and purchase crop insurance in order to guard against natural disasters. This will remove the direct payment structure that has been in place in the industry since 1996, however, a move that has garnered a…

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