WV Farm Bureau Magazine March 2016 | Page 10

Top 10 Things to Consider When Expanding Your Farm Operation Matt Nicol Sponsor Relations Account Executive Nationwide 614-359-7342 [email protected] Farmers and ranchers are innovative businesspeople, not afraid to take risks. Many operators are always thinking about ways to increase revenues. Sometimes that means expanding into areas that can include commercial activities, like seed conditioning, hauling other peoples’ grain, custom spraying, even agritourism or a farm stand. Nationwide, the #1 farm insurer in the U.S., has compiled a list of the Top 10 things farm and ranch operators should consider whenever you have a discussion about expanding your business. The bottom line: It’s important to do your homework, and be sure to contact your insurance agent. 1. Check federal, state and county laws and ordinances Check to see what building codes, permits or licenses may be needed prior to starting any new business or adding new construction. 2. Environmental impact Be a good land steward and consider any impact your expansion could have on the environment. Check with your local Department of Natural Resources (DNR), Department of Transportation (DOT) and county engineers on how you can protect the environment as you grow your operation. 3. Consider your neighbors Will an expansion of your operation impact your neighbors in any way? If you think the 10 West Virginia Farm Bureau News answer to that question may be yes, consider informing them early of your plans. 4. Increased traffic Inviting the public onto your property brings with it special liability concerns. You will need to post signs to warn visitors of any potential dangers. Are your premises ADA compliant? Will you provide restroom or hand-washing facilities? 5. Product safety You may need to initiate proper controls and safe handling programs for any product you are processing or selling to prevent property damage or bodily injury to others. 6. More employees If the expanded operations will require hiring additional employees, you may need to provide training and safety materials. If the additional employees increase your operation to over 50, you will need to comply with OSHA standards. Be sure you’ve obtained adequate insurance to protect both your employees and your operation. 7. Safety and security Consider if you need to take additional steps to protect your property or operation from burglary, theft or other crimes. 8. Manage outside risks Be sure to obtain signed contracts and certificates of insurance for any expansion operations that involve other businesses