Farm & Ranch Quick Facts

The more you know, the better you’ll be prepared

Did you know?

• There are more than 2 million farms in the United States.
  – Agricultural Statistics Board NSS USDA 2006
• The average farm size is 446 acres.
  – Agricultural Statistics Board NSS USDA 2006
• One dairy cow generates $17,000 in annual economic activity.
  – Coalition To Support Iowa’s Farmers
• One 2,400-head hog building represents a construction investment of more than $500,000.
  – Coalition To Support Iowa’s Farmers
• About 52,000 U.S. farms, (2.5 percent), earned income from Agritourism in 2004.
• U.S. egg production totaled 7.68 billion during March 2008.
  – United States Department of Agriculture
• The Nationwide family of companies is the leading insurer of farms in the country.
• If your farm equipment is damaged and you need a replacement, Nationwide can provide rental reimbursement. 
• When you purchase a new piece of equipment, we automatically provide up to $100,000 in coverage for 60 days.
• If your milking parlor breaks down due to mechanical failure, repair costs are covered.
• GPS equipment is covered in your Nationwide Farm Property Coverage.