An agent says farmers should reevaluate their insurance because of rising repair and replacement costs.

Jeff White

Jeff White represents Rural Mutual Insurance in Menominee and Eau Claire, Wisconsin.  He tells Brownfield a policy taken out a year or two ago might not meet the needs of the farm today. “Is my big dairy facility insured correctly? Do we have enough coverage limit on it should a catastrophe occur, because we’ve seen an increase in the cost of just the materials itself so with lumber and steel prices going up.”

White tells Brownfield one of his insured farmers is building a steel structure this summer that was bid over a year ago, and that same building at today’s prices would be 50% more expensive to construct.

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