Why You Might Need Agricultural Earnings and Extra Expense Coverage for Your Farm or Ranch

Business interruption resulting in the loss of earnings and extra expense can occur for all kinds of reasons, many of which are out of your control. What happens if you need to pause production for machinery repairs? You could lose income, and that can be catastrophic.

But there’s a way to protect yourself in the event of business interruption: Agricultural Earnings and Extra Expense coverage, which can meet the unique needs of your agriculture business and help keep it running smoothly.   This coverage helps you make up for lost income if your revenue is at risk due to the covered loss of farm/ranch machinery, equipment or buildings. 

If you have questions about Ag Earnings and Extra Expense coverage, read on.

What Is Ag Earnings and Extra Expense Coverage?

You’re carrying a policy to cover your property and keep your farm operation up and running while Farm Bureau works to process your covered claim. But what about the income that is generated from a building? If a building critical to your farm or ranch (such as a hog confinement or dairy barn) is lost, you’re not just looking at a loss of property; you could also be left with a significant disruption of income. This coverage adds an additional layer of protection for buildings and farm/ranch equipment and machinery that generate income.

How Does It Work?

The coverage covers loss of earnings and extra expenses resulting directly from the interruption of your farm or ranch operations, when that interruption is caused by a covered cause of loss. The coverage kicks in when there is a covered cause of loss of farm/ranch machinery, equipment or  building owned by or rented by an insured party.

Why Is Ag Earnings and Extra Expense Coverage a Good Idea?

When this coverage is in place, you’ll be prepared for the unexpected when it comes to revenue. You’ll have protected not just your property and your farm, but also the loss of income. That means your operation can continue to run smoothly, and your chance of experiencing catastrophic financial loss is lower. This coverage can help you feel financially secure, even when life is chaotic.

Here to Support You

Keeping your farm or ranch running is your top priority. Our top priority is helping you protect your farm or ranch, so you can keep doing what you love. Your operation is your livelihood and it deserves to have the proper ag-based coverage. Your Farm Bureau agent and Ag Marketing Underwriter will conduct an On-Site SuperCheck® to help ensure you have the proper coverage to keep up with your operation’s needs. Contact an agent today to learn more about coverage details.