As farms have become bigger and operations more expensive, farmers’ insurance needs have become more sophisticated. The staff in SGI Canada’s newly launched Farm Business Unit understand these changes in the industry and are equipped with the farming knowledge and insurance know-how to better protect today’s agricultural producers.
“Customers have told us that the insurance industry in general hasn’t done a good enough job understanding or serving the agriculture sector,” said Don Thompson, SGI Canada Chief Operating Officer. “We agree. After talking with customers and independent broker partners, we have begun to make some improvements. With the new Farm Business Unit we’re looking forward to giving our farm customers better service and the best coverage possible to meet their needs.”
According to the 2016 Census, the average value of Canadian farmland and buildings was 39 per cent higher in 2016 than it was just five years earlier. Farm equipment is getting more sophisticated every year, which also means it’s getting more expensive. Farmers need an insurance company that understands how the agriculture industry is evolving and is committed to evolving with it.
The Farm Business Unit is ready to meet the growing demands of this rapidly evolving sector, with a specialized team of underwriters and adjusters dedicated to serving only farming and ranching customers. A professional agrologist leads the unit, and all staff have training and knowledge of farming and ranching operations, crop production, farm vehicles, machinery, livestock, equipment, farm buildings and other assets. “We get that it’s still a busy time of year as farmers race to get the last of the crop in the bin,” Thompson said. “Once harvest has wrapped up, we encourage them to talk to their insurance broker to learn more about SGI Canada’s Farm Business Unit. We’re here to help.”
