Taking a Look At Best Ways To Protect Agricultural Businesses in 2018

Agribusiness has undergone a wide range of changes since the 19th century hence diversification has become paramount. Today, every agricultural practice is business oriented meaning that the farmer’s aim is to make a profit. Just like any other endeavour, business protection is mandatory to prevent losses. A farmer must invest a lot of money on the startup before a profit is realized. When this business isn’t protected using the right way, the farmer will gain nothing and end up incurring debts. Think about starting a ranch with hundreds of dairy cows only for one day to find out that all of them have been attacked by a killer disease! This is an example of risks that agribusiness entrepreneurs can encounter. The good news is that there are good ways which can help in protecting your business this year.Compare insurance quotes at UtilitySavingExpert.Com

Agriculture Insurance

One of the best business protection techniques for your agribusiness is to buy a cover for whatever you are dealing with. For example, if you are in poultry farming, you can buy insurance that covers for loss caused by death, theft or damages just but to mention a few. Insurance plans are available in wide range options simply because agribusiness entails different businesses which are all unique to each other. When planning to buy the cover, it’s important to visit the different insurance companies with the aim of precisely buying that which suits your business. For example, you can compare insurance quotes at UtilitySavingExpert.Com, and compare a multitude of different providers to see how they stack up against each other.  You shouldn’t pay for a cover that you may not need. The best trick is to use insurance experts who can drive you through the process.

What is covered in Agricultural Insurance?

When it comes to business protection using insurance coverage, several aspects will be covered by the insurance company. One should choose a coverage that basically relates to the agribusiness. Take a look at what can be covered by a typical insurance plan;

  • Dairy, land and pasture
  • Special events coverage
  • Equipment and buildings on the farm
  • The animals
  • Products on transit
  • Commodity prices fluctuation
  • Protection against business disruption

The Benefits of the Insurance for Your Business

Whenever you are about or you are faced with losses on your agribusiness, you can be brought down back to the drawing board. Why should you borrow from a lender to restart your business after suffering damage? By taking advantage of insurance for your business, all risks will be kept at bay.

Embrace New Technology

Compare insurance quotes at UtilitySavingExpert.ComToday, nearly all agribusiness are technology driven and if you are still lagging behind in traditional farming methods, you are about to lose. For the sake of business protection, it’s high time you should adopt new technology which can increase production on your farm. This way you will be able to make your agricultural business both viable and sustainable.

No matter what you do though, just make sure you are adapting with the times.  Competition is growing, so it’s key to have a plan of action and stick to it so that your business can thrive for years to come.

Bioproducts

Production of ethanol from corn, grain sorghum and other crops, has steadily increased year after year, such that by 2012, the USA has 209 plants, located in 29 states, producing 15 billion gallons of ethanol per year.

The federally mandated Renewable Fuels Standard doubles the production to 30 billion gallons over the next eight years. See the chart below.

Which crops will be grown to provide this requirement?

Note the chart indicates that crops, other than corn, will represent the greatest contribution to this increase.

Efforts by members of the SSA intend for sweet sorghum to be one of those crops contributing to this increase.

Most importantly, each Spring, farmers plant a new crop, thus renewing the source of fuel each season.

For Renewable Fuels and Bio Technology. Click Here.

Technology

Members of the Sweet Sorghum Association are currently exploring a broad range of technologies.  Both commercial companies and university researchers are making steady progress with their efforts.

Agronomic research and development is being pursued, including plant genetics, fertilization, weed control, disease resistance, insect control and other agronomy aspects.

The agronomic goals are reliable production of sweet sorghum with high yields, high sugar content and at an optimum cost of production.

Machinery for harvesting is primarily determining what modifications are needed for the machinery currently used for harvesting sugarcane, which has similar plant growth.

Some our members are exploring a range of techniques for extracting the juice from the stalk, including juice extraction in the field to reduce the transportation requirements of a bulky crop.

Other members are researching the optimization of the fermentation and distillation processes.

Investors are providing the financial capital to fund the research and develop sweet sorghum for production on land poor suited for crops like corn.

For research and develop sweet sorghum. Click Here.