Many of us are frequently looking at our budgets and finding ways to save money. Yet, there are some things we shouldn't skimp on. One of those things is insurance. While you want to find the best price, you also want quality coverage.

If you’re a farmer, it’s doubly important to make sure you have the right crop insurance coverage, as this insurance is calculated based on current growing seasons. Iowa State University farm management specialists state that this year and possibly next year, farmers should consider increasing crop insurance at least five percent, but 10 percent would be better. Why? Because this year's crop prices are projected to be lower, so you want to have more revenue protection.

On top of understanding you’ll probably need to increase your coverage, you will also want to look at all of your options for crop insurance. Your independent insurance agent can help you find the best plan for your needs. Remember, don't skimp on crop insurance; instead, find the best insurance at a price that is best for you.

Talk with your insurance agent about these types of crop insurance:

• Multi-peril crop insurance that protects you against multiple natural disasters/causes. You choose the amount of average yield to insure and the percent of the predicted price. This is where farm management specialists recommend you go higher than you usually would.
• Crop Revenue Coverage is based on expected prices and yields.
• Revenue assurance is based on a range of 65 percent to 75 percent; again, the farm management specialists indicate it would be best to have the higher percentage.

So, while you are looking at budgets and where you can save money, be cautious about cutting into your crop insurance. Let us help you find savings, while taking into account the advice from farm management experts.

Learn how much you could save. Call Flagler Ins Agency at 239-274-9200 for more information on Palm Beach, FL farm insurance.