For Alberta farmers, farm equipment isn’t just machinery—it’s the lifeblood of their operations. From tractors and combines to irrigation systems and specialized equipment, farm machinery is the backbone of agricultural operations.
These tools not only streamline tasks but also significantly contribute to the productivity and profitability of farms. Given the substantial financial investment required to acquire and maintain farm equipment, it’s imperative for farmers to protect these assets with comprehensive insurance coverage.
With a long-standing legacy of over sixty years, MMI Insurance company has established itself as the premier provider of farm machinery insurance in Alberta. Our farm insurance solutions cover everything from equipment breakdown to liability protection, ensuring peace of mind and financial security customized to suit the specific needs of your agricultural enterprise.
What is Farm Equipment Insurance?
Farm equipment insurance, is a specialized policy protecting essential farming machinery. Covering damage and/or destruction to vital equipment integral to farm operations along with liability to third parties.
What Does Farm Equipment Insurance Cover?
Farm equipment insurance offers extensive coverage for essential machinery and their attachments, safeguarding farmers against diverse risks.
Below are brief descriptions of common equipment that your policy may cover, each crucial for agricultural success:
Tractors
The primary purpose of a tractor is to pull farm equipment, but modern tractors can be outfitted with multiple attachments to suit just about any farming need.
Planters
Planters are specialized machines designed to sow seeds in rows with precise spacing and depth. They are essential for efficient planting operations, particularly for large-scale farming.
Combines and Forage Harvesters
Combines are heavy-duty machines used for harvesting crops such as wheat, corn, and soybeans. They perform multiple tasks, including cutting, threshing, and separating grain from the crop.
Attached Equipment
Plows
A plow is a large tractor attachment that drags behind the tractor, using long blades to cut furrows in the soil, to loosen the soil and turn the soil to kill off any surface vegetation not intended to be there.
Harrows
Harrows break down clumps of soil, make the soil surface level and redistribute crop and weed residue to make it easier for new plants to grow. These can also be used after distributing manure and fertilizer as they can break up clumps and distribute more evenly.
Fertilizer Spreaders
As their name suggests fertilizer spreaders distribute fertilizer across a field, and most farms use a tractor-run fertilizer spreader.
Seeders
Seeders are designed to spread seeds across large plants of land quickly and efficiently and usually tractor pulled.
Balers
Balers are essential for hay, straw, and corn stalk collection. These tractor attachments collect these materials and wrap them into more easily manageable bales.
Wagons or Trailers
Wagons and trailers are indispensable tools on the farm, used for transporting various materials such as hay, grain, fertilizers, feed and equipment transportation between locations.
Sprayers
Sprayers are crucial tools in agriculture, ensuring the efficient application of fertilizers and pesticides. These precision instruments ensure optimal coverage and effectiveness, contributing to crop health and yield.
Miscellaneous Equipment
Irrigation Equipment
Irrigation equipment is Indispensable for providing crops with a consistent water supply, which is essential for optimal growth conditions.
Tools and Supplies
Various tools and supplies, ranging from hand tools to machinery accessories, are covered, supporting day-to-day farm operations.
Farm Insurance: Additional Coverage
When it comes to safeguarding your farm, considering additional coverage may significantly improve your level of security. Here are some additional coverages to consider:
