Farm Insurance That Truly Protects Farms w/ Bonnie Kluthe of First Acre Insurance

In this episode, we sit down with Bonnie Kluthe of First Acre Insurance, to talk about “Farm Insurance That Truly Protects Farms.”

We explore common insurance pitfalls, real stories of farmers who’ve faced losses and haven’t been fully protected, and how First Acre is helping farmers protect their livelihood with clarity and confidence.

What You’ll Learn in This Episode:

- First Acre Insurance and their mission 
- The types of farms, equipment, and operations First Acre insures
- Common challenges farmers face with traditional insurance and why insurance coverage gaps are often discovered too late
- How First Acre redesigned farm insurance to reflect modern farming realities and operations
- The importance of agreed value insurance and why it’s a game-changer
- Real-life examples of farmers who benefited from their coverage
- Tips on balancing cost, coverage, and deductibles
- Emerging risks in farming and what farmers need to be aware of

Timestamps:

First Acre Insurance Introduction

0:00 – Welcome and episode introduction
1:25 – About Bonnie, her role, and more about First Acre Insurance
3:28 – How is First Acre different & types of farming operations insured
6:28 - Why First Acre Insurance?

Farmers - Why First Acre?

9:07 – Common insurance headaches farmers face 
15:00 - Traditional insurance & common shortfalls
17:57 - Agreed value insurance. This is game changing
19:17 - How First Acre Insurance is making farm insurance easier for brokers and their farm customers

Innovative Insurance Benefits:

23:00 – Benefits of First Acre Insurance vs. traditional companies
24:57 – What agreed value insurance means for farmers. This is important.
29:30 - Peak season coverage (Fluctuating Seasonal Inventories)
32:20 - Digital Site Mapping
33:40 - Wellness and legal benefit on policy
36:30 - Real time machinery evaluations to ensure accurate coverage
39:00 – Handling complex, multi-site farm operations
49:50 - Loss of use
43:50 – Balancing cost, coverage, deductibles
47:20 - Farmers can purchase directly through insurance agencies (visit website for map)
49:30 - Real story of a farmer facing a loss and the impact of First Acre’s approach
53:30 – Biggest emerging insurance risks in Canadian farming
55:40 - Land liability and big risks to farms
57:00 - Protecting farmers and their assets
58:08 – How farmers can get more information or move their coverage to First Acre

If you’re a farmer or farm operator looking to protect your livelihood with insurance that actually reflects how you run your farm, check out First Acre Insurance today. Visit their website for guidance tailored to your farm’s needs.

Thanks for tuning in,

Tracy

Resources & Links:

Learn more about First Acre Insurance: https://firstacre.ca

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✅ About The Impact Farming Show: Produced by Farm Marketer.

Farm Marketer is a Canadian digital media company specializing in publishing agriculture content that matters most to Canadian farmers: news, commodities, agriculture events, agriculture real estate for sale, and much more. 

Farm Marketer is also the proud producer of the award-winning agriculture show The Impact Farming Show. This weekly video and podcast show is dedicated to introducing farmers to the people and ideas that will impact their farming operations.

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🔎 Related Phrases:

Farm Insurance, Farm Coverage, Farm Risk Management, First Acre Insurance, Tracy Brunet, Impact Farming Show, Agriculture, Farming, Farmlife, Agribusiness, Farm Business, Farm Finance, Farm Management, Sustainable Farming,  Farming Tips, Farm Business Management, Farming Success, Farm Funding Solutions, Agricultural Finance, Farming Innovations, Farm Financial Solutions, Agribusiness

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