Westfield Insurance is pleased to introduce three new states joining our WesCom Farm family — Arizona, Colorado and Wisconsin. As of May 2, agents in those states are able to enter, quote and submit farm policies directly from our system.
Grains of Knowledge
It’s harvest time and all of your hard work has finally come to fruition. But as the days get shorter and you rush to get crops in during the harvest window, it can be tempting for you and your employees to cut corners.
Running a farm comes with more than its fair share of challenges — weather, energy costs and price volatility all contribute to uncertainty when it comes to revenue. One thing that farmers can do to help offset some of this risk is to add other revenue streams, such as “agritainment” — turning your farm into an entertaining venue for nonfarmers to visit with their families.
Now that the weather is changing, outdoor activities such as pools, beaches, sporting events, parks and the like less likely to entice a family excursion. To offer communities a fun alternative to out-door amusement, farms can leverage the fall, year-round activities that blend agriculture with entertainment.
Earlier this year, I attended a Farm Succession Planning seminar offered by Braintree Business Development Center and the Ohio Employee Ownership Center where I learned some of the foundations regarding estate planning.