There are 140,210 acres of pasture, range, and forage alone in the US. While owning and operating a farm or ranch can be exciting and freeing, the right coverage is necessary. Mississippi business insurance can help with farm and ranch protection that's sufficient.

Fortunately, a Mississippi independent insurance agent will have access to several carriers at once, so you get the best premiums. They'll do the shopping for free, making it a no-brainer. Connect with a local expert for a trusted opinion in minutes.

What Does Farm and Ranch Insurance Cover in Mississippi?

There are numerous policies your Mississippi farm and ranch will need to be fully protected. If you're not a licensed professional, it can be confusing. Take a peek at how coverage works for your farm and ranch below.

What your farm and ranch insurance generally covers:

• Liability: A general liability policy will provide bodily injury and property damage coverage.
• Commercial property: This policy covers your farm structures, pole barns and can even insure your equipment.
• Accidents: This can be anything from coverage for electrocution, fire, and smoke, to loading and unloading of livestock.
• Natural disasters: Volcanic eruptions and sinkholes are covered. Typically floods and earthquakes are covered under separate policies.
• Weather events: Lightning, wind, hail, tornadoes, and more.
• Crimes and civil unrest: This is for theft and vandalism of livestock.

Volume of insured acres of farmland in the US in recent years (by crop)

When you own a farm in the US, you're not alone. It's essential to understand what's not covered under your farm and ranch insurance as well. 

What Doesn't Farm and Ranch Insurance Cover in Mississippi?

While you can't predict future losses that might occur at your farm or ranch, you can be prepared. Like every policy, exclusions apply.

Coverage that could be added but does not come standard on your policy:

• Accidental shooting
• Drowning
• Attack by wild animals
• The collapse of a building on livestock
• Flooding

Your farm and ranch insurance will typically exclude specific coverages altogether. Among them are livestock old age, death by natural causes, and disease.

How Much Livestock Is Covered under Farm and Ranch Insurance in Mississippi?

Most carriers have exclusions for your livestock. However, there are some exceptions to the rule, which all comes down to what the company offers. Check out three ways to cover your livestock:

• Individual coverage: This insurance usually covers higher-value animals on an individual basis. The animals are listed on the policy according to some identifying marker or description, such as an ear tag, and covered for a specific dollar amount.
• Blanket coverage: This type of policy allows you to insure all your farm property for a predetermined value. It includes structures, equipment, tools, and livestock.
• Herd coverage: This is the simplest and most prevalent type of insurance for livestock. This coverage allows you to insure a specific number of animals.

Total US farm income from livestock and products in recent years (in thousand US dollars)

If you produce and sell products from your farm's livestock, then you'll want adequate protection. Exposures that could occur should be considered when purchasing coverage.

Common Risks on a Mississippi Farm or Ranch

Mississippi farm and ranch insurance can vary depending on your operation's assets, equipment, and livestock. To have the right coverage for common risks, check out these items that you can discuss with an adviser:

• Your herd's specifics: You'll need to cover the risks that are specific to your herd. Horses will have different needs from cattle, and so on.
• What your livestock is worth: This is the value you can get in the marketplace for your livestock. You are covering the risk of the replacement cost if something happened to them.
• If you have crops: If your farm deals with planting and producing crops, you'll need separate crop insurance.
• Other structures and buildings: If you have a home, pole barns, and more on your property, you'll need coverage for the buildings themselves.
• What preemptive protection you have in place: Carriers will want to know how you are proactive, such as if you are accounting for the risk of predators by having fencing and more. 

Your farm or ranch will have to survive natural disasters, fire, theft, vandalism, and more. The elements alone are enough to make you go bankrupt without proper protection.

Additional Coverage for your Farm and Ranch Policy in Mississippi

Sometimes your farm or ranch will need extra coverage to ensure you're completely protected against a loss. Take a look at some additional coverage options for your farm or ranch in Mississippi:

• Commercial umbrella insurance: This policy can be obtained for additional liability coverage above and beyond your underlying limits. 
• Inland marine insurance for farm equipment: This can be added to any farm policy that uses equipment, tractors, and more for tending to their farm.
• Extended liability limits: You can increase your underlying liability limits for added coverage.

How a Mississippi Independent Insurance Agent Can Help

When you own a farm or ranch in Mississippi, you'll be responsible for a lot. From livestock to equipment and land, multiple losses could take place. Fortunately, you don't have to leave your coverage to chance.

A Mississippi independent insurance agent will review your policies for free and shop your protection through A-rated carriers. This gives you options on coverage and price. Connect with a local expert on TrustedChoice.com for custom quotes to get started.