Barnaby Joyce
March 16, 2017
Farmers looking to better financially protect themselves and their families through tough times have been encouraged to apply for a rebate of up to $2500 to help cover the cost of taking on a new agricultural insurance policy.
Deputy Prime Minister Barnaby Joyce said the $20 million Managing Farm Risk Program was open for applications.
He said it was a straightforward process that could be completed online.
“Farm businesses should consider applying for our rebate if they are interested in taking on a new insurance product to protect their incomes from droughts, floods, hail and other events beyond their control,” Mr Joyce said.
“The Managing Farm Risk Program provides eligible farm businesses with one-off rebates for 50 per cent of the cost, up to a maximum of $2500, of obtaining independent and professional advice to apply for a new insurance policy.
“Farmers have been saying for years they have wanted access to multi-peril crop insurance products and the Coalition Government is proud to be delivering an environment which encourages private insurers to invest in and make these products available.
“This grant is a means of helping farmers get all the facts together to make a considered decision around whether it is worth insuring their farm from perils such as drought, frost, hail and fire.
Mr Joyce said he was encouraging all farmers across the country to carefully consider their production risks and investigate their insurance options.
“In ancient times farmers would pray and make sacrifices to the gods as a means of petitioning against poor seasons, now we have access to a range of insurance products designed to help farmers recover from anything the weather can throw at them,” he said.
- External link: Managing Farm Risk Program
