Insurance is often viewed as a cost rather than a tool to achieve positive outcomes. Insurance should be the cornerstone of your cropping decisions. It allows you to make positive decisions for your cropping program, knowing that the community has your back, via their premiums in the pool of funds, spreading the risk.

Crop Insurance is a Financial/Risk management tool that farmers can use to share the risk with the community via insurers, and international reinsurers.

Traditional cover is Fire and Hail insurance, which will pay 100% of the yield that is damaged, but only for the yield at the time of the damage.

Depending on how widely spread out your operation is, a total loss from Hail or Fire might be unlikely if, for example, the properties are 20 km apart. In comparison, a farmer’s operation that is together in one area, the chance of a total loss from Hail and Fire is possible, and we have seen this before.

The limiting factor with Fire and Hail is the yield that Farmers have nominated at the time of claim. Often, this has been reduced to save insurance premiums and reflects actual yields.

• Fire and Hail Insurance
• Crop Insurance Options
• Agreed value
• Reducing Excess
• Extra Harvest Options
• Flexible Premiums – Higher excess, after harvest payments
• Stored Crop – Cover available in Silo and Silo bags (limit to $10,000)
• Transit cover