When you’re running a small farm operation, understanding your insurance options can feel overwhelming. At Hamilton Fox & Company Inc. in Pinecrest, FL, we help farmers navigate these important decisions every day.

What Is a Hobby Farm?

A hobby farm is typically a smaller operation where farming isn’t your primary source of income. For example, you might keep a few chickens for fresh eggs or grow vegetables for your family and the local farmers’ market. These operations usually cover less than 50 acres and generate minimal revenue compared to your day job.

Hobby farm coverage is designed for these smaller-scale operations. It’s generally less expensive because the risks are lower. You’re not dealing with massive equipment or hundreds of livestock. Your coverage might include basic property protection for your barn and equipment, plus some liability coverage if someone gets hurt on your property.

How Commercial Farm Insurance Differs

Commercial farm insurance is tailored for serious agricultural businesses where farming is your livelihood. These policies cover everything from crop damage and livestock mortality to expensive farming equipment and employee injuries. The coverage limits are much higher because the financial risks are significantly greater.

Commercial policies also include specialized protections like business interruption coverage. If a storm damages your operation and you can’t harvest for weeks, this coverage helps replace lost income during the recovery period.

Choosing the Right Coverage

The main difference comes down to scale and income dependency. If farming supplements your income, hobby farm coverage is likely sufficient. But if your family depends on farm revenue, you need commercial protection.

Hamilton Fox & Company Inc. in Pinecrest, FL, can help you determine which coverage fits your operation best.