Australian governments urged to “take ambitious action” to protect farmers against drought

The NSW Government has renewed calls for the creation of a national income protection scheme to insure farmers against drought.

At a recent special meeting on drought in Moree, Adam Marshall, minister for Agriculture, said the government can best assist farmers and businesses against future droughts by helping them self-insure.

“As this devastating drought rolls on and continues to ravage our rural communities, it’s clear governments need to think big and take ambitious action to protect our farmers and businesses against future droughts,” Marshall said. “The NSW government is of the firm belief that the best drought assistance measure a government can deliver is to help the agricultural industry self-insure and remove some of the volatility in the sector.”

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Publication: Insurance Business Australia
Date: 11 December 2019
By Mina Martin