Payment Options

Latevo Farmers Mutual Farm Income Protection has four payment options that allow payment of your protection schedule to be flexible and have a minimal impact on your farm cashflow. Our four payment options include up front payment, premium funding, or a one third payment and the balance to be paid as a grain contract at harvest time. Click here to use our indicative payment calculator.

Which payment option works for you?

  • Option 1: Paid upfront by EFT or cheque
  • Option 2: Premium funded (paid by 10 monthly installments)
  • Option 3: One third upfront payment by EFT or cheque with the remaining two thirds to be paid as a grain contract due to be delivered by 30 January 2020
  • Option 4: One third premium funded (paid by 10 monthly installments) with the remaining two thirds to be paid as a grain contract due to be delivered by 30 January 2020

Use the Latevo Payment Terms Calculator below to calculate your indicative payment options.

Enter your winter cropping hectares (protected hectares), your approximate grain price per tonne and an estimated price per hectare for coverage (between $15 and $40).

What is my estimated price per hectare?

Use the state based table to calculate your estimated price per hectare for coverage. Prices shown are from lowest to highest for each category of protection offered by Latevo Farmers Mutual Farm Income Protection.

Please note that all price per hectare ranges include a 15% Latevo Farmers Mutual capitalisation rate.

StateCategory 1Category 2Category 3
NSW$26-30$30-32$35-40
QLD$26-28$31-32$38-40
SA$14-15$20-25$25-30
VIC$20-22$22-24$30-36
WA$15-18$16-20$23-27

All pricing is indicative only and does not constitute an offer of protection.

The calculator will provide an indicative price based on the information you have entered. Using the calculator does not constitue an offer of protection from Latevo Farmers Mutual. The indicative pricing in the calculator may not reflect any offer of Latevo Farmers Mutual Farm Income Protection that you may receive after completing the application process.


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