Crops

Crops

Several options exist relating to the insurance of crops to protect the viability of Australian farmers. Crop insurance can be provided depending on the crop type and location and can include insurance against:
  • Fire
  • Hail
  • Rain
  • Frost
This is the most common type of cover. This covers your deficiency of yield following a loss caused by an insured peril or natural disaster.
This is the most complex of the different types of crop insurances available in limited markets. It generally covers farmers for loss of yield and/or farm revenue loss.

Farmers can obtain insurance coverage for different weather events based on an agreed period as follows:

  • lack of rain
  • too much rain
  • frost
  • wind (cyclone).
  • broadacre (cereals, grains, legumes, oilseeds)
  • industrial crops (cotton, sugarcane)
  • viticulture (wine, table, and dried grapes)
  • orchard crops (fruit, nuts, olives).
The correct crop insurance policy gives you protection against risks such as severe weather, natural disasters, stray livestock, and possible chemical overspray that can ruin a harvest.
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