With tight margins and volatile milk prices, rising insurance costs add a frustrating layer of complexity to your daily operation. In this episode, we sit down with Dan Rice, a senior dairy consultant at Nationwide, to discuss tailored solutions for dairy farms. Rice shares his extensive background in the industry and explains the core reasons behind climbing premiums. More importantly, he offers practical, actionable advice to help you manage risks and streamline your coverage to protect your legacy, including how to find a Farm Certified agent who truly understands your needs.
To find a local Farm Certified agent, visit FarmAgentFinder.com.
Season 8, episode 13
Episode breakdown
- 00:40 – Navigating rising insurance costs in the dairy industry
- 01:20 – Meet Dan Rice, senior dairy consultant at Nationwide
- 03:02 – Why dairy premiums are climbing
- 06:19 – The hidden dangers of underinsuring your farm
- 09:05 – Actionable steps to take control of your insurance
- 12:33 – Building a strong contingency plan for your dairy
- 15:08 – Protecting your operation with liability contracts
- 17:50 – Finding an agent that specializes in farm insurance
This episode is sponsored by Nationwide.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified financial services and insurance organizations in the United States. Nationwide is rated A+ by Standard & Poor’s. Founded by farmers in 1926, Nationwide is committed to helping farmers and ranchers prepare their businesses for what's ahead with tailored coverage, smart risk management solutions, innovative resources, industry partnerships and support for the rural communities where they live and work.
For more information about Nationwide and Nationwide’s ratings, visit www.nationwide.com or Company Ratings – Nationwide.
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