Impending drought has farmers purchasing crop insurance - KTTC Rochester, Austin, Mason City News, Weather and Sports

Impending drought has farmers purchasing crop insurance

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ROCHESTER, Minn. (KTTC) -- Our early spring may have many farmers anxious to get out into the fields, and if they're looking for the latest technology, they won't have to go far to find it.

The 30th annual Agri News Farm Show is underway at the Olmsted County Fairgrounds. While farmers may browsing for new equipment, an insurance agent says an impending drought is on their minds. Tractors, lawn mowers and wind energy are just some of the booths to look at. More than 5,000 people are expected to attend the two day farm show. Event organizers said the show has grown in size this year, to more than 180.

An insurance agent said the biggest concern on farmers minds as of late, has been purchasing crop insurance

"We've got a lot of new clients and the clients that we have are existing clients, they are buying higher levels of cover. Why? Because there is fear out there about whether we're going to have a drought or not with the really strange weather patterns we've been going through," said Chris Sanders, with QBE Farmers Union Insurance.

Bruce Moon is a farmer just west of Rochester, while he isn't too worried about drought, he does have crop insurance.

"If you bought a house, you'd put insurance on it, wouldn't you? You don't expect to have a fire, but you do insure it in case you do have one. It's the same thing on the farm. I don't want to start over again at zero and be broke and than have to claw my way back up," said Bruce Moon, a rural farmer.

While crop insurance had to be purchased by March 15th, Farmers can wait a bit longer to purchase hail insurance, up to 2 hours before a storm. Prices on crop insurance vary, but Sanders says on average farmers will spend 20-dollars per acre, which adds up to a hefty price tag and fast.

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