Do you own an actual farm? Then your best bet is a "Farm and Ranch" policy, which will cover you for liability related to the farm as well as hazard insurance for your shop. Rates are typically much cheaper than for commercial policies.
Homeowners policies normally include coverage for detached buildings, typically up to ten percent of the value of the home itself. Depending on what your house is worth, that's probably enough for the structure but wouldn't go very far to cover the contents. I don't have any additional insurance on my shop but I probably should.
If you don't intend to run a business out of your building, I would just say it's "storage" and leave it at that.
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Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul
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