Insurance

In this episode, we discuss the importance of planning for the unexpected in farming. Carissa Fairbrother, financial advisor at RIVAL Wealth, shares key insights on preparing your financial affairs for unforeseen circumstances. We explore how safeguarding your farm’s future with proper insurance and risk management can help during tough times, ensuring your business remains resilient.

What would happen if a key person in your farming business was no longer around, or unable to work? Getting your financial house in order helps avoid unnecessary stress at a difficult time. Here’s what you need to know. Words Carissa Fairbrother, Financial Advisor, RIVAL Wealth.

In this episode of the Country-Wide Podcast, we take a deep dive into farming insurance and how farmers across the country are being affected. We hear from Brett Borrell, commercial and rural manager for Gallagher Insurance, about our insurance premiums. He breaks down what’s in them and what causes them to change. We also hear from Lucie Douma, head of client strategy and advice for FMG, who was interviewed by the editor of NZ Dairy Exporter, Sheryl Haitana, about a new insurance model, parametric insurance, that will help farmers insure against extreme weather events.

An online survey of 518 people was conducted between December 2023 and January 2024 with those who work or live on farms to understand their insurance needs, perceptions and behaviours.

No farm business would have missed the significant increase in the cost of insurance in the past year. Tony Leggett investigates what’s behind the increase and the options for reducing the cost in the future.