On its own, commercial crop farming requires taking on a major and risky investment, however raising livestock increases the level of unpredictability and financial uncertainty even more. You can lose livestock easily and for a wide variety of reasons such as accidents, theft, weather events, and infections.
Having adequate livestock insurance is not only recommended, but is essential for farmers raising animals commercially to manage risk effectively. The coverage that livestock insurance provides keeps your investment safe and provides compensation for unexpected animal losses.
If a worst-case scenario were to occur, would your business be able to survive? Are you protected from financial ruin if a disaster caused you to lose the majority of your livestock? Do you want to find out more about the benefits of having livestock insurance? What follows is an overview of livestock insurance, how it can help you to minimize your agribusiness risk, as well as the coverage options available.