About this episode
In this episode, we sit down with Bonnie Kluthe of First Acre Insurance, to talk about "Farm Insurance That Truly Protects Farms." We explore common insurance pitfalls, real stories of farmers who've faced losses and haven't been fully protected, and how First Acre is helping farmers protect their livelihood with clarity and confidence. What You'll Learn in This Episode: - First Acre Insurance and their mission - The types of farms, equipment, and operations First Acre insures - Common challenges farmers face with traditional insurance and why insurance coverage gaps are often discovered too late - How First Acre redesigned farm insurance to reflect modern farming realities and operations - The importance of agreed value insurance and why it's a game-changer - Real-life examples of farmers who benefited from their coverage - Tips on balancing cost, coverage, and deductibles - Emerging risks in farming and what farmers need to be aware of Timestamps: First Acre Insurance Introduction 0:00 – Welcome and episode introduction 1:25 – About Bonnie, her role, and more about First Acre Insurance 3:28 – How is First Acre different & types of farming operations insured 6:28 - Why First Acre Insurance? Farmers - Why First Acre? 9:07 – Common insurance headaches farmers face 15:00 - Traditional insurance & common shortfalls 17:57 - Agreed value insurance. This is game changing 19:17 - How First Acre Insurance is making farm insurance easier for brokers and their farm customers Innovative Insurance Benefits: 23:00 – Benefits of First Acre Insurance vs. traditional companies 24:57 – What agreed value insurance means for farmers. This is important. 29:30 - Peak season coverage (Fluctuating Seasonal Inventories) 32:20 - Digital Site Mapping 33:40 - Wellness and legal benefit on policy 36:30 - Real time machinery evaluations to ensure accurate coverage 39:00 – Handling complex, multi-site farm operations 49:50 - Loss of use 43:50 – Balancing cost, coverage, deductibles 47:20 - Farmers can purchase directly through insurance agencies (visit website for map) 49:30 - Real story of a farmer facing a loss and the impact of First Acre's approach 53:30 – Biggest emerging insurance risks in Canadian farming 55:40 - Land liability and big risks to farms 57:00 - Protecting farmers and their assets 58:08 – How farmers can get more information or move their coverage to First Acre If you're a farmer or farm operator looking to protect your livelihood with insurance that actually reflects how you run your farm, check out First Acre Insurance today. Visit their website for guidance tailored to your farm's needs. Thanks for tuning in, Tracy Resources & Links: Learn more about First Acre Insurance: https://firstacre.ca ============================= ✅ About The Impact Farming Show: Produced by Farm Marketer. Farm Marketer is a Canadian digital media comp
