Self-Insurance for Farmers and Ranchers: Strategically Preparing for the Unexpected

With Phil High (farmer), Nolan High (farmer), and Cory Walters, Associate Professor, Agricultural Economics, UNL. In this webinar, Dr. Cory Walters, associate professor of agricultural economics at UNL, will visit with Phil and Nolan High -- a father and son who farm in Nebraska -- that are facing the insurance premium/farm financial pinch. They are taking an innovative approach to insurance that allows them flexibility not available in the traditional insurance market. The webinar will discuss how self-insuring can offer benefits like cost savings, increased flexibility in financial planning, and better control over risk management. The underlying concept highlighted will be the role of insurance ‘captives’. The webinar will focus on how the Highs have approached the use of a insurance captive on their farm.