Farm Insurance Considerations for Smaller Family Farms in Little Falls, MN

Smaller farms in Little Falls, MN don’t have all the concerns of larger or commercial farms. If you own a small farm, the Hanneken Insurance Agency Inc. can help you figure out which insurance options will work best for you. Here are a few considerations for insuring your small family farm.

What Do You Do With Your Family Farm?

Some people have small farms strictly as a lifestyle choice. That means they do little or no selling and consume the proceeds produced by the farm themselves. A homeowner’s policy can cover the bulk of the farm, as it’s mostly just a home.

If you do plan to sell, even if you’re only selling surplus, then you absolutely need a complete farm insurance package. Once you start producing and selling, you open yourself up to a whole universe of possible liability. You will need to add extra liability coverage to your property coverage in the form of business farm insurance.

What Do You Have on Your Family Farm?

You may also need farm insurance to cover the things on your property. For example, some small family farms only grow vegetables rather than raise animals of any kind. Alternatively, you may have some livestock or horses.

In addition, you may have multiple buildings on the property, such as a barn and utility shed. If you have tools and large equipment uniquely suitable for farming, those too may require extra coverage.

The more you have on the farm that contributes to farming activities, the more robust your farm insurance needs to be. Property insurance can only cover so much. Farm insurance can help fill in any gaps.

What Insurance Options Does Your Family Farm Need?

Family and hobby farms in Little Falls, MN aren’t all the same. Speaking to an insurance company that carries farm insurance can help you figure out how much coverage your smaller family farm will need. At Hanneken Insurance Agency Inc., we will help you figure out which farm insurance options will work best for you. Contact us today for more information.