Agriculture and Farm Insurance

Plans such as farm and ranch insurance and crop coverage can help protect your organization’s ability to generate revenue. Contact M.L. Ruberton Agency in Hammonton, New Jersey, to get help finding farm and ranch insurance and crop coverage that meets your specific needs.

What Is Farm and Ranch Insurance?

Farm and ranch insurance can be tailored to provide appropriate coverage for your organization. Here’s an outline of policies your agent may recommend:

• Farm equipment insurance can help pay to repair or replace your equipment after a covered event causes damage or destruction. You may need a separate tractor insurance policy as well.

• Farm dwelling insurance may assist with costs related to repairing or rebuilding the structure of your home if it’s damaged by a covered event.

• Farm liability insurance can help pay for third-party bodily injury and property damage claims.

• Farm structures insurance may help cover grain silos, barns and other property.

• Commercial auto insurance can help pay for liability claims after a covered accident where the driver of a farm-owned vehicle was at fault.

• Workers’ compensation insurance may assist with a farm employee’s medical expenses and replacement wages after a work-related injury or illness.

• Farm livestock insurance can help pay for animal-related losses after a covered event.

• Equine insurance may help pay for costs stemming from the death of covered horses.

What Is Crop Insurance?

There are three types of crop insurance that may be appropriate for your situation:

• Multiple peril crop insurance (MPCI) can help cover crop-related losses caused by natural events, including diseases, floods, droughts, fires and insect infestations. There are more than 120 different eligible crops. This policy is federally regulated and supported.

• Crop-hail insurance may help protect you from the financial effects of hail on high-yielding crops. Crop-hail coverage may be sold as an MPCI supplement. It is regulated by state insurance departments and sold by private insurers.

• Crop revenue insurance can provide support when crop prices are low or crops have a low yield. In other words, this coverage may help you protect your earnings from drastic price changes.

The federal government pays 60% of crop insurance premiums to help farmers like you cover the costs of this essential coverage.

Is Crop Insurance Required?

If you want access to disaster benefits and other government programs, you must purchase crop insurance or sign a waiver declining coverage and the associated benefits.

Additionally, if you have a production loan, you must have crop insurance to meet the lender’s requirements.

Get the Farm Insurance You Need

Contact M.L. Ruberton Agency to secure appropriate insurance for your New Jersey farm or ranch operations today.