INSURANCE AGENCY NETWORK Blog
If you’re planning to buy a farm, it could be a great business opportunity for you and the family! However, the question is, how will you turn your farm in to a business? What are the steps that you should take? Here are some answers.
Being in agriculture is undoubtedly an important task as it is a source of livelihood - from fresh organic eggs to locally produced meat. All can be seen and harvested in farms. Either farming is your main source of living or just a recreational activity. Working on a farm is undeniably beneficial and peaceful, not only for yourself but also for the whole community.
Here’s why farmers are starting to try natural farming.
The pandemic has been harsh on the agriculture industry, locally and globally. The imposing of quarantine and social distancing has created a rift on both supply and demand. However, 2021 has something in store for those working in the said industry, especially farmers. Here are the top four trends in 2021 in the agriculture sector:
Farm owner’s insurance is a comprehensive policy designed to protect your farming assets. It includes coverage for your machinery, buildings, livestock, and other farm equipment for your operation. In this article, learn how a farm owner’s policy can secure your assets by taking the right coverages.
According to the United States Department of Agriculture data, there are 2 million farms in the country, and 97% are family-owned. Farming is one of the world's oldest professions that are still going strong today.
Farming technology and its practices have changed and evolved throughout the years; therefore, we think the insurance associated with this profession should also change and evolve.
Ranch or farm insurance should understand the risks related to farming and the types of coverage they need. This article will help you know what farmers need and the most effective ways to protect their farming business's risk exposure.
Some people are cultivating crops and raising livestock on their patch of land. Whether you are growing plants as an occupation or a hobby, it is essential to consider protecting your agricultural property. It is necessary to have coverage for risks associated with running a farm.
It is good to know that there is a policy that understands the needs of farmers. Farmowners Insurance is designed to provide financial coverage for farmers from various risks that can shut down a farming operation. It can help safeguard your livelihood source under challenging times like the pandemic for commercial farmers.
With eateries, restaurants, and hotels closing down due to the ongoing pandemic, an alarmingly high number of farms face hardships with millions of kilograms of fresh produce going to waste. Daily produce that used to get hundreds of keen buyers is now becoming somewhat of a burden with farm owners struggling with where to dump the food. Most farmers report having started dumping unclaimed produce into compost pits or plowing them back into the fields. The good news is that Unemployment Insurance (UI) has been made available to self-employed individuals up to year-end.
Just like any other insurance policy, farm owners' insurance has its limits as well. While it can work for you both as the homeowner and farm manager, there are certain limitations that you have to work through when trying to obtain farm owners' insurance.
The key here is to try and figure out how to make those limits work to your advantage. Listed below are five of those limits and what you can do to mitigate the problematic effects of these limitations on your insurance policy, the farm operations as a whole.
The challenges presented to a farm owner is just as significant to being a business owner. Both of them have to run and operate their respective fields using their managerial ability under pressure. And just like in business, farmers also need insurance to put a stronghold of their firm further and protect them from potential losses. In this article, you'll learn the essential overview and guide to the farm insurance policy.
Ever since the crisis, the government labeled farm workers as essential in making sure there is a continuous flow of food supplies in the US. However, they have a higher risk of contracting the disease, which may impact their communities. Additionally, protection and information for them may be limited.