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Farm Insurance - Insurance Policies for Farm Owners Manhattan KS

Farms are a business. As such, it is smart to ensure them. However, because of the nature of farming (and the unpredictable nature of the business), insurance can be expensive. But in the risky world of farming, a bad year can be all that stands between the farmer and bankruptcy. Therefore, getting insurance for your farm can be critical.

Karl Kunz State Farm Insurance
(801) 290-3915
210 N 4th Street # B
Manhattan, UT
Alternate Phone Number
(785) 776-3800
Services
Auto Insurance, Car Insurance, Life Insurance, Home Insurance, Renters Insurance

AFLAC
(785) 323-1444
4805 VUE DU LAC PLACE
MANHATTAN, KS
Alternate Phone Number
(785) 323-1444

Agri-Risk Services Inc
(913) 897-1699
7540 W 160th St
Stilwell , KS
 
humana
(620) 708-1743
1313 n Webb
hutchinson , KS
 
Farmers Insurance
(316) 685-0440
1819 S Rock Rd
Wichita, KS
 
Tim Engle Agency Inc. American Family Insurance
(785) 539-9200
3320 Anderson Ave.
Manhattan, KS
 
Agri-Risk Services
(913) 897-1699
7540 W 160th Street
Overland Park , KS
 
The Heartland Gallogly Agency
(913) 345-9090
4400 College Blvd #370
Overland Park, KS

Data Provided by:
State Farm Insurance - Ron Culp CLU ChFC
(913) 648-0585
9407 W 87th St
Overland Park, KS
Alternate Phone Number
(913) 648-0585

Farmers Insurance Group
(913) 248-7790
7220 Renner Rd
Shawnee, KS
Alternate Phone Number
913-248-7790
Services
Business, Work Comp, Auto, Home, Life

Data Provided by:

Farm Insurance - Insurance Policies for Farm Owners

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Farm Insurance


Farms are a business. As such, it is smart to ensure them. However, because of the nature of farming (and the unpredictable nature of the business), insurance can be expensive. But in the risky world of farming, a bad year can be all that stands between the farmer and bankruptcy. Therefore, getting insurance for your farm can be critical.

Agricultural insurance generally covers three main circumstances:

  • Crop insurance for damaged or lost crops.
  • Property and Casualty (P&C) insurance, which provides liability coverage if a hired hand is hurt, and potential coverage for physical property. It does not usually include livestock.
  • Livestock insurance.
  • Specialized insurance coverage for certain types of farming with unique perils and challenges

Your state government is a good source of information, if you are looking for agricultural insurance. Many states actually have specialized insurance companies within state government (or sponsored through the state) that cover the unique perils for that region. For instance, farmers in California might not buy coverage for hail, because it is less common there. However, in the American Midwest, if you don't buy hail coverage for your crops, you are asking for disaster.

Further, because many regions do have unique concerns within the farming community, there are often insurance cooperatives operating in a specific region. Because these cooperatives can often offer lower prices for the same insurance, it is well worth the research. Your local farming associations will often be able to point you in the right direction.

What will it cost?


In the U.S., Congress subsidizes the cost of buying crop insurance and several states provide state-funded premium subsidies. Rates will ultimately depend on your needs, risk tolerance, insurance plans, production, and location. Remember that anything which will raise risk to the insurance company will end up costing you more. You may have to make some hard decisions between your risk tolerance, and the amount of money that you could afford to lose without jeopardizing your farming business.

Benefit's of Farm Insurance


If you are a farmer, your farm is your livelihood. It is also your business. Insuring it makes good business sense.

You have some good reasons to consider it, aside from the longevity of your farming business:

  • Government subsidies are often offered to farmers to offset a portion of the premium.
  • Increased coverage levels are offered for several crops.
  • Protection for input costs and harvest values.

Keep in mind that crop insurance may serve as collateral for operating loans. Most banks and financial institutions will want to ensure that you have some kind of insurance coverage, to protect your ability to re-pay loans.

Crop Insurance


Crop insurance does what you'd expect - it insures your crop. The trick with crop insurance is to decide what level of coverage you want. Specific levels ...

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