Rural Insurance

Weather, plant diseases and pests can be unpredictable. Make sure the income from your crops isn’t.

HOW DOES IT WORK?

 

If there is a crop shortfall in your region of at least 10%, the policy automatically pays out on the difference between the year’s actual regional yield and the DEFRA average regional yield (from the last 8 years’ harvests).* No loss assessment is required.

You can cover up to 25% of the shortfall of your projected crop production.

 

WHAT CROPS CAN I COVER?

 

The policy is available for

  • Winter Oilseed Rape
  • Winter Barley
  • Winter Wheat
  • Spring Barley

 

Case Study

Matthew Taylor farms in Cambridgeshire and takes out a crop shortfall policy for his winter wheat at a cost of £1.72/t.

 

His forecast selling price is £150/t for the 2021 harvest. Due to extreme drought, regional yields are below the regional average.

Matthew’s insurance policy pays out as follows.

The regional yield shortfall for the 2021 harvest is:

15% – Payout £7.50/t
20% – Payout £15.00/t
25% – Payout £22.50/t

WANT TO KNOW MORE?

 

Our Rural Divisional Director, Rupert Wailes-Fairbairn, explains more in this short video filmed on his cereals farm in Northumberland.

 

WHY DO I NEED IT?

 

Last summer, the UK’s highest-ever recorded temperature of 38.7°C was reached in Cambridge (1), which was followed by England’s fifth wettest November on record (2).

Last autumn, relentless rain led to arable farmers planting the smallest winter cropping area in decades (3).

Three of the hottest years on record have occurred in the last 5 years (4).

There is now a one-in-three chance of record breaking rainfall hitting parts of England and Wales each winter (5).

Managing crop yield volatility risk in this way will help you to smooth cash flow, plan better and keep your bank happy.

GET A QUOTE

 

Please fill in our quick and simple form here to receive a quote

 

 

Get in touch

We’ve offices located all across the United Kingdom

And we’re always available for you by telephone or email whenever and wherever you need us.

Contact our expert directly or alternatively complete your details below to contact the team.

Rupert Wailes-Fairbairn

Newcastle

Contact Rupert Contact The Team
  • This field is for validation purposes and should be left unchanged.

Sources

 

1. Met Office, July 2019
2. Met Office, December 2019
3. AHDB Early Bird Survey, February re-run, February 2020
4. NOAA (National Oceanic and Atmospheric Administration), US Department
of Commerce, Climate Change: Global Temperature, January 16 2020
5. Thompson, V., Dunstone, N.J., Scaife, A.A. et al. High risk of unprecedented
UK rainfall in the current climate. Nature Communications 8, 107 (2017)