With harvest values presently being enough to see outputs of over £1000/acre for OSR I have noticed we are starting to get a number of enquiries from growers about the cost of Insuring against hail. I think there were a number of losses last year in the Cambs/Essex area that may have made people consider it also. There are very few, if any, Insurers that will quote hail cover in isolation. First port of call if you are interested in a quote therefore is to speak to your existing farm Insurers. Prices vary generally depending on the County you are in and if you have suffered previous losses. We have done 6 cases in the last few weeks that have cost £10-£12/acre.
£10-£20/acre to protect against £1000 of loss seems probably worthwhile to me. I always take the view that if whilst desiccating you could spend another £10-£12/acre to put another product in the tank to protect against hail it would be a bit of a no brainer.
Probably less than 10% of growers have had the cover in the past, but the potential value in this years crop definitely makes it worthwhile considering.
What are peoples thoughts?
£10-£20/acre to protect against £1000 of loss seems probably worthwhile to me. I always take the view that if whilst desiccating you could spend another £10-£12/acre to put another product in the tank to protect against hail it would be a bit of a no brainer.
Probably less than 10% of growers have had the cover in the past, but the potential value in this years crop definitely makes it worthwhile considering.
What are peoples thoughts?