{"id":315655,"date":"2022-04-01T13:55:04","date_gmt":"2022-04-01T03:55:04","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=315655"},"modified":"2022-04-01T15:31:10","modified_gmt":"2022-04-01T05:31:10","slug":"uni-project-targets-crop-insurance","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2022\/04\/01\/uni-project-targets-crop-insurance\/","title":{"rendered":"Uni Project Targets Crop Insurance"},"content":{"rendered":"<figure id=\"attachment_315658\" aria-describedby=\"caption-attachment-315658\" style=\"width: 200px\" class=\"wp-caption alignright\"><a href=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2022\/04\/shabazmushtag.jpg\"><img loading=\"lazy\" class=\"size-full wp-image-315658\" src=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2022\/04\/shabazmushtag.jpg\" alt=\"\" width=\"200\" height=\"300\" \/><\/a><figcaption id=\"caption-attachment-315658\" class=\"wp-caption-text\">Prof Shabaz Mushtag <br \/>(Photo: USQ)<\/figcaption><\/figure>\n<p><strong>April 1, 2022<\/strong><\/p>\n<p>A $1.8m project involving the\u00a0University of Southern Queensland and Queensland Farmers\u2019 Federation aims to\u00a0offer access to crop insurance so farmers can take better informed risks.<\/p>\n<p>The Drought Resilience Innovation Grants project is being funded through the Federal Government\u2019s Future Drought Fund.<\/p>\n<p>It plans to transform how insurance and optimal crop management can be used to reduce financial risk for farmers and improve income stability.<\/p>\n<p><strong>Prof Shabaz Mushtaq, from USQ&#8217;s Centre for Applied Climate Science, said it was common farmers to plant earlier or later in the season in an attempt to reduce the risk of frost, for example.<\/strong><\/p>\n<p>However, planting late can expose crops to more severe heat and drought events later in the growing season. Planting early avoided heat stress but exposed crops to frost.<\/p>\n<p>\u201cThis makes sense however while those strategies might reduce weather impacts it does compromise yield and income because they\u2019re not planting at the best time for their particular crop,\u201d Prof Mushtaq said.<\/p>\n<p>\u201cIdeally, the farmer needs to plant in that optimal window and they\u2019re more likely to do that if the risk of doing so is covered by insurance.<\/p>\n<p>\u201cThrough this process we want to explore optimal strategies and identify those key risks to better inform the grower so they can strategically use insurance to get higher yields and high income outcomes.<\/p>\n<p><strong>\u201cUltimately, we want farmers to use insurance as a risk management strategy through offering credible research to show them how it can be done.\u201d<\/strong><\/p>\n<p>Prof Mushtaq said by developing affordable insurance projects and an industry discretionary mutual fund as a cost-effective channel for wider distribution and adoption, the project would grow the self-reliance and performance of the agricultural sector.<\/p>\n<p>\u201cThere\u2019s also the case that this strengthens the wellbeing and social resilience of rural, regional and remote agricultural dependent communities, too,\u201d he said.<\/p>\n<p>\u201cFor example, if insurance money was triggered within the week post a disaster event (flood, drought, or heatwave), this will help growers to get back to their feet quickly. This then can have an immediate positive impact on the communities connected to the farms affected.<\/p>\n<p>\u201cBy reducing farmer risk and creating viable insurance options that shift the burden from the public sector to the insurance sector, there\u2019s also the likely outcome of reducing public costs of drought and flood assistance.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A $1.8m project involving the\u00a0University of Southern Queensland and Queensland Farmers\u2019 Federation aims to\u00a0offer access to crop insurance so farmers can take better informed risks.<\/p>\n","protected":false},"author":20,"featured_media":315659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,36],"tags":[1134],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uni Project Targets Crop Insurance - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"A $1.8m project involving the\u00a0University of Southern Queensland and Queensland Farmers\u2019 Federation aims to\u00a0offer access to crop insurance so farmers can take better informed risks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2022\/04\/01\/uni-project-targets-crop-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uni Project Targets Crop Insurance - 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