Multi-peril crop insurance has the potential to enable practice change that can increase yields as well as recoup expenditure on failed crops
A desire to insure against seasonal failure encouraged Narrabri, NSW, grower Ian Gourley to this year take out his first multi-peril crop insurance (MPCI) policy. Written before a sobering seasonal forecast for a new 4000-hectare block, the Latevo policy cost $20 to $25 per hectare. A second one, written at similar levels, followed for the Gourleys’ 4000ha home block.
Publication: Ground Cover
Date: November 2018
By Liz Wells