Ag News

Multi-peril Crop Insurance worth considering

  • By: Farm Tender "Prime"
  • Dec 05, 2017

At a time when difficult seasonal conditions are raising the spectre of harvest losses and downgraded quality, national grain farmer representative body, GrainGrowers, continues to dialogue with major insurers on the issue of adequate farm risk management options.

GrainGrowers CEO David McKeon said it was a major setback for many farmers that the latest widespread rainfall across eastern Australia would result in production losses and quality downgrades for unharvested grain crops.

"Low growing season rainfall, combined with rainfall during harvest - including more than 100 mm of rain for many southern NSW and central Victorian farmers over the past few days - will deliver some grain growers disappointing results this year," Mr McKeon said.

"With farm budgeting for follow-on crops top of mind for most farmers over the next few months, we want to ensure all farmers are aware of the suite of risk management tools that are potentially at their disposal, including Multi-Peril Crop Insurance (MPCI) options," he said.

GrainGrowers released a report highlighting the available MPCI options earlier this year. The organisation plans to produce an updated version in 2018.

"The report, Managing risk using Multi-Peril Crop Insurance, was originally released mid 2017 by GrainGrowers to raise awareness of the range of MPCI products on the market and to provide a checklist of features growers should look for in comparing one product with another," said Mr ...
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