What is

Farm Produce Insurance Coverage?

The value and quantity of your farm’s produce can be very diverse, depending on the type of agriculture and the season. Farm produce coverage is a type of insurance that provides protection to farmers against financial losses resulting from damage, destruction, or loss of their harvested crops or agricultural products. It provides coverage for items including harvested crops, seed, feed, fertilizer, herbicides, milk, unfertilized eggs, fruit, and vegetables.

This coverage is designed to safeguard the economic investment farmers make in harvesting crops, ensuring they have financial support if unforeseen events threaten the value of their produce.

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Farm produce insurance coverage typically includes:

Perils Covered

Farm produce insurance can provide protection for harvested crops against various perils including fire, smoke, windstorm, theft, vandalism, and transit-related losses.

Types of Crops Covered

This insurance policy covers a variety of crops, such as grains, corn, hay, straw, vegetables, fruit, and other Agricultural products that the farm produces.

Pre-Harvest Coverage

Some policies may offer coverage for crops before they are harvested, protecting against losses that occur during the growing season.

To develop your policy, your Excalibur Farm Insurance Broker will work with you to determine the value of the items you have on hand throughout the year. It’s crucial to ensure that you’re adequately covered throughout the year, as the amounts can vary significantly from empty silos to full ones at the end of harvest.

The coverage for your produce is generally extensive, but it doesn’t include or cover all losses. For instance, vermin or rot may cause non-covered losses.

If you have refrigerated produce, you should consider extensions of coverage. Coverage can be extended for consequential loss to produce caused by physical damage to a breakdown of the refrigeration unit. Additionally, milk contamination can be covered.

Farmers face various risks associated with agricultural production, making farm produce insurance crucial for them. It creates a safety net for unexpected events that may impact the quantity or quality of their crops, allowing them to recover financially. Your Excalibur Farm Insurance Broker will carefully review the farm produce coverage as part of your larger farm insurance policy to understand coverage limits and ensure the needs of your farm are met.

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