When severe weather, fire, or other unfortunate events damage or destroy farm buildings, getting full and fair compensation can become a complicated process. It’s not unusual for insurance adjusters, construction companies, and owners to disagree on replacement costs. That reality is not out of the ordinary due to shifting material and labour costs and other associated expenses. This issue, among others, is why business’s in the sector have come to rely on the Douglas Agricultural Cost Guide.
The Douglas Agricultural Guide was developed from decades of hard data and practical applications that allow key stakeholders to gain uniform agreement about costs. These routinely include sometimes overlooked expenses such as razing, permits, specialty materials, and design elements of structures unique to agriculture. This trusted resource can show you how to calculate the replacement cost of commodity, produce and feed storage facilities, in the event of a loss.
What Makes Commodity, Produce and Feed Storage Facilities Unique?
It’s essential to keep in mind that the agricultural industry utilizes a wide range of storage facility designs to store products. Modern storage facilities often employ state-of-the-art technologies and are crafted with the latest metal alloys. These materials also vary in terms of their ability to resist deterioration, weather extremes, and are increasingly easier to maintain.
While the latest designs go hand-in-hand with the latest repair and replacement costs, the longevity of older structures creates an entirely different rebuilding conundrum. Yesteryear structures commonly use robust and thick lumber considered obsolete and not economically viable in today’s modern farming operations. That’s why it would be something of an understatement to say that storage facility repair and replacement costs can be worlds and generations apart.
The Douglas Agricultural Cost Guide Delivers Accurate Results
The diversity among commodity, produce and feed storage structures prevents professionals in the insurance, construction, and other industries from using conventional square-footage methods to determine accurate estimates. That’s why the Douglas Guide allows all stakeholders to account for structure, materials, labour, and nuanced differences in a hard-copy and online resource. Arriving at a mutually agreeable estimate eliminates disagreements and allows our valued farmers to move forward and rebuild.