One of the biggest trends today in farming is the organic movement. People want more transparency in the foods they eat. They want to know where their food is coming from, what is being added to the soil and how it is being cared for throughout the growth cycle. There’s a demand for organic farms and, no matter why you begin one, you’ll find that it can be a rewarding experience. Yet, opening a farm like this is risky. You’ll need to have the proper farm insurance in place to protect your investments and minimize your risks. What should you look for when selecting this type of coverage? 

It’s always important to view a farm as a business. As a result, you’ll need to protect it in much the same way. For example, you’ll need insurance to protect your assets – everything from your buildings to your farming equipment. You’ll also need to protect property from risks including fires and theft. Yet, there’s more to be concerned about on a farm, too. 

For example, liability insurance on a farm generally has to do with people being hurt because of the actions of equipment. In an organic farm, you also have to consider risks associated with food not testing organic and failed product claims. That’s an important risk that’s tough to prevent. 

And because organic farms often require the use of all natural materials, it can be more vulnerable to disease and damage from weather conditions. Because these farms don’t use chemicals, this can put your crop on the line. Crop insurance is a must for nearly all farms anyway, but it is an essential fact in organic farming. 

As you consider all of the options in farm insurance, work closely with your agent to customize your plan to address your specific risks. Protect your crops, your structures, your other assets and your liabilities. By taking these steps, you can help minimize the risk that your organic farm will not succeed due to mistakes or uncontrollable outcomes. For many of today’s businesses, that’s a very important step to take whether you are just starting up your organic farm or if you’ve been running one for a long time. 

Protect your business endeavor. Call The Mike Dyer Agency at 865-966-2111 for more information on Knoxville farm insurance.