Farm Insurance – YBL Group

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Insurance

Whether you’re a large-scale crop grower or livestock producer ora small family or hobby farm, farm insurance can help protect your farm, its produce and livestock and the people who benefit from it

What is farm insurance?

Working on the land brings many rewards, but just as many risks. As a farm owner, you’re vulnerable to bushfires that can destroy livestock or damage your buildings and other property; machinery breakdown which can cost you time and money; personal illness or a serious accident; or even a claim from a guest injured on your property.

The total value of principal Australian agricultural commodities

(crops, livestock and livestock products) produced in Australia in 2016-17 was $39,671 million

Australian bureau of statistics, 2018

$60B

$60 billion – Australian Farm income passed $60 billion for the first time in 2016/17.

(National Agriculture Day, Food, Fibre & Forestry Facts, 2018)

2017

In NSW alone, theft of cattle and sheep between January and October in 2017 cost farmers$2.8m and $1.4m respectively

(The Land, ‘Thefts cost farmers millions,’ 2018)

17,400

In 2009-10, 17,400 agricultural workers become ill or were injured through work

(Safe Work Australia, Work related deaths and injuries on Australian Farms, 2013)

What can it cover?

Farm insurance can be tailored to cover your home and farm buildings, livestock, vehicles, equipment and more. It can also safeguard you against theft and loss of income.