Farm financial planning for the agriculture community
At Nationwide, we understand those who work in agriculture. After all, we were founded by farmers and have been helping them manage risks since 1926. If you run a farm or ranch, you're no stranger to risks, including those from unpredictable weather, insects and crop diseases. But financial risks, such as fluctuating markets, uncertain income and potential long-term care expenses, can threaten your operation as well. We can help you better understand these risks – and provide farm financial planning tips to help you manage them.
We’re here to help you plan today – for tomorrow
No one thinks about risks until they happen, which is why planning is key. Nationwide is here to help with some financial strategies that can help secure your farm or ranch’s future.
Manage market volatility risk
If you grow, process or distribute agricultural products you have likely used futures contracts to guarantee a price and remove concerns about volatility. Similarly, fixed indexed annuities can help guarantee income and lessen concerns about volatility.
Manage long-term care risks
Nearly 70% of people over age 65 will eventually need long-term care at some point in their lives.1 Nationwide offers long-term care coverage to help you avoid having to sell off part of your operation in case you need care.
Manage your farm or ranch’s succession plan
Ensuring your farm or ranch is passed to the next generation takes planning – but it doesn't have to be difficult. By taking the time to develop a succession plan, you'll ensure that your wishes are met and emotional stress is minimized.
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Article Added
Jun 21, 2019 in Nationwide Farm Insurance
Farm Financial Risks
Farm financial planning for the agriculture community At Nationwide, we understand those who work in agriculture. After all, we were founded by farmers and have been helping them manage risks since 1926. If you run a farm or ranch, you're no stranger to...
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Categories: Agribusiness
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