Feasibility of agricultural insurance products in Australia for weather–related production risks
Department of Agriculture and Water Resources, September 2012
Australian farmers face many challenges, including those posed by variable climatic and market conditions. With climate projections suggesting more frequent extreme weather events, it is reasonable to expect that farmers will increasingly seek to understand, develop and adopt risk management strategies to manage uncertainty, spread risk and maintain business viability. In addition to their current management strategies for production and market risk, Australian farmers may look to agricultural insurance to cover weather-related production risks.