Farm Financial Risks

Farm Financial Risks

Published Jun 21, 2019 in Nationwide Farm Insurance  

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.

Farm Financial Risks

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.

Farm Financial Risks

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.

Farm Financial Risks

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.

1 “How Much Care Will You Need?" U.S. Department of Health and Human Services, (Oct. 10, 2017).