Managing Farm Risk Program

Overview

Insurance can significantly reduce the financial risks farmers face from production loss caused by factors beyond their control. The Australian Government understands that insurance for risks—like adverse weather, drought and fluctuating markets—can protect profits and give farmers peace of mind. But identifying and choosing suitable insurance can be challenging. The Managing Farm Risk Program provides rebates for advice and assessments to help farmers prepare and apply for a new insurance policy that assists with the management of drought and other production and market risks. These one-off rebates will be for half of the costs incurred by eligible farm businesses, up to a maximum of $2500 (GST exclusive). The Managing Farm Risk Programe is part of the Australian Government's Agricultural Competitiveness White Paper, the government’s plan to grow our agriculture sector for stronger farmers and a stronger economy.