INSURANCE NEWS

How to Fend off Rising Premiums for Contract Harvester Cover

The pandemic-induced skills shortage has seen contract harvesters in demand and now insurance premiums are reaping a huge rise. For example, some harvesters faced a hefty $54,000 bill to comprehensively insure their new headers at the start of the season, according to ABC News Online. Elsewhere, insurers have cancelled their harvesters’ policies to avoid paying the excess premiums. […]

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The Impact of Changing Weather on Agriculture

The volatility in commodity prices and a highly variable climate means risks abound for Australian farmers. According to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), these factors and others mean Australian farmers experience more variation in farm output than most other countries. This variation is also higher than business owners in other Australian […]

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Will You Benefit From the Global Demand for Coarse Grains?

Coarse grains are having their moment in the sun, with global demand lifting prices this financial year. These are cereal grains – other than wheat and rice – usually used for animal feed or brewing. According to the Organisation for Co-operation and Economic Development, each country has a different classification of coarse grains. They may include […]

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Is your farm insurance up to date?

Farmers, and the agricultural businesses they operate, are one of the great mainstays of the Australian economy. The Department of Agriculture, Water and the Environment reported as of 2021, agricultural businesses comprises 55 per cent of Australia’s land use. Australian farmers produce the overwhelming majority of food sold in Australia, with more than 90 per cent of fresh fruit, […]

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Could you be running your hobby farm better?

The pandemic shutdowns have made many of us think about investing in a hobby or lifestyle farm. Small farms aren’t as profitable as larger ones, but they compare well to the average Australian household on income, debt, and net wealth. That’s good to know if you were considering making your hobby farm your principal residence. Whether you […]

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