As planting season accelerates across agricultural regions, insurance professionals are highlighting an increased risk of theft involving farm machinery and equipment. According to Zachary Hinthorn of Country Financial, the seasonal surge in field activity creates conditions that may expose valuable assets to potential loss.
During this period, farmers often leave tractors and implements in fields overnight to maintain efficiency. However, Hinthorn notes that this common practice can make equipment more accessible to thieves. He advises that operators take precautionary steps, including locking machinery whenever possible and removing valuable items before leaving the site.
Items such as GPS equipment remain a particular concern. Hinthorn points out that these components are frequently targeted due to their high value and portability. He says it is not uncommon for GPS systems, which can cost several thousand dollars, to be removed from unattended machinery. In addition to GPS units, he recommends securing or removing tablets, tools, and other unmounted valuables stored within equipment.
Location also plays a role in theft risk. While remote fields may seem less visible, Hinthorn explains that isolation can work to criminals’ advantage. He notes that equipment placed in rural or less-trafficked areas may lack witnesses, making theft easier to go undetected. In contrast, machinery located near busier roads may benefit from increased visibility and the presence of potential witnesses.
In addition to physical security measures, Hinthorn highlights the importance of proper insurance coverage for modern agricultural technology. He explains that certain items, particularly GPS equipment, may require separate scheduling under an insurance policy. Coverage requirements can vary depending on how the policy is structured, so it is important for policyholders and agents to verify whether high-value components are adequately insured as standalone items or as part of broader equipment coverage.
Furthermore, Hinthorn emphasizes the value of conducting regular insurance reviews. He encourages farmers to meet annually with their insurance agents to assess their current coverage. These reviews help ensure that all equipment is properly insured and that policies reflect any changes in inventory. They also provide an opportunity to remove coverage for items no longer in use, helping avoid unnecessary costs.
As planting season continues, these considerations remain relevant for both risk management and policy oversight. By combining preventative practices with accurate insurance planning, stakeholders can better address the exposures associated with increased field activity.
Get the latest insurance market updates and discover exclusive program opportunities at ProgramBusiness.com.