Crop Risk Underwriting

Great to get out recently with Liberty Specialty Markets to see some of the cotton crops we insure in the Carrathool area.

Despite the hail, there's a mix of thriving and challenging patches. Special thanks to Agri Business Consulting Group for their assistance.

Wishing you all a lovely break!

Here's a link if you need to notify any losses or you can contact your broker/agent.

https://www.cruw.com.au/notify-a-loss/

Thrilled to support this lovely Cause at the Women In Insurance NSW Christmas Breakfast, heartened to see the amount of donations for Share the Dignity, thanks for the invitation Haylo People.

Be claim ready…
It's that time of year, the grey clouds are gathering, and hail might affect your crops.
If it does happen, CRU wants the process to be as straightforward as possible.
We’ve put together this checklist to help you with the process.

Be Claim Ready It's that time of year, the grey clouds are gathering, and hail might affect your crops.If it does happen, CRU wants the process to be as straightforward as possible.We’ve put together this checklist to help you with the process.To download the Brochure, click here.

Don’t forget the Refuge..

Refuge crops are a critical part of the cotton industry’s Insect Resistance Management Strategy.

Read how including them in your insurance details can increase your policy benefits and helps to avoid mistakes on insured areas and planting configurations.

Don’t forget the Refuge.. Refuge crops are a critical part of the cotton industry’s Insect Resistance Management Strategy. Read how including them in your insurance details can increase your policy benefits and helps to avoid mistakes on insured areas and planting configurations.To read more, click on the “Download Artic...

We’re pleased to confirm we are open for Cotton quoting for 2023/2024 and to help introduce how cotton insurance works we have updated the Cotton Brochure for this season.

Click on the link below, to download the brochure.

Cotton Insurance Brochure As cotton planting speeds up in QLD and NSW we are glad to announce that we have opened for Cotton Insurance quoting for the 2023/24 season. We have recently released our updated Cotton Brochure with explanations of the different phases of the crop and details of our insurance product including the....

It’s the time of the year to review Yields & Values on your crop insurance policy.
See our note below explaining, what the Final Revision Date is all about.
You can read more about the Estimate Insured Yield & Getting the Insured Value Right, on our website Blog https://www.cruw.com.au/blog/

From our crop surveys:
Great looking Lancer wheat in Goondiwindi. The McNulty’s 50+ yrs experience with this country shows in what they have achieved with below average in crop rain. Special thanks to the McNulty’s for their assistance and we hope they enjoy their survey gift.

Want to get paid more for a hail loss on your broadacre crops?

Whilst a reducing excess is standard with CRU, if the Loss adjuster is provided with Mapped Yield Data, the excess starts reducing earlier.

For the same loss % you can end up getting paid more, just by providing mapped yield data!

i.e. a crop insured with a 5% excess that suffers a 25% loss of yield would normally still be subject to a 2.5% excess. If Mapped Yield Data is provided the excess would be zero (0)%.

Reports coming in from our Crop Surveys conducted by Agri Business Consulting Group, great looking Kyabra chickpeas off 43mm (less than half their average) of in-season rain, planted into full moisture profile early May in Central Highlands, QLD.

Popular exhibit at the Sydney Royal Easter Show 😀

We're looking for people in Sydney who know about cropping to join our team in North Sydney.
We’re looking for enthusiastic individuals with agricultural backgrounds who can help us with Underwriting/Product Development.
If you're interested or know someone who might be, please check out the job post on Indeed and contact us for more information.

https://au.indeed.com/viewjob?cmp=Crop-Risk-Underwriting&t=Underwriting&jk=f1666c07fc53e3ce&q=crop+risk+underwriting&vjs=3

Another learning day, GRDC Grains Research Update @ Mullaley in NSW. Interesting spread of topics 👍🏻

Great afternoon in Wee Waa at the CSD Namoi Valley Research & Extension Field Day. Interesting to hear about the trial results with the new trait varieties and ongoing research.

Great story behind this photo and great people in it 😀

Cotton Australia’s myBMP (best management practices) program demonstrates to the community and supply chain the industry’s improved farming practices and careful management of our natural resources.

For Narrabri cotton farmer Kevin Schwager, it underpins his farm’s workplace health and safety practices and the impact down the supply chain.

“There’s a conscious knock-on effect within the fashion industry that young professionals are more conscious about where their clothing comes from and how the fabric is created – that stems back to our on-farm operations.”

Read more about why Cotton Australia’s myBMP program is an important tool for our farmers here: http://ow.ly/6StM50MK9Au

Check out the new sections in the CRU Hub on our website, we've added "Useful Links" & "Videos"…

Be sure to watch the new Chemical Overspray video that we’ve added, it’s a great example of why yield mapping can be incredibly powerful in a loss assessment.

Let us know if you have any other suggestions for useful links.

https://www.cruw.com.au/cru-hub/

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We are often asked why we need the harvested yields for claims on pre-harvest policies, surely the loss percentage from the field counts is sufficient?
Hopefully the attached will help to explain the pitfalls of relying solely on these counts and how a simple reality check on the resultant potential yields can ensure a fair outcome for both the insured and the insurer.
To read more click on the link below...

https://www.cruw.com.au/why-harvested-yields-matter-in-crop-loss-assessment/

Why Harvested Yields matter in Crop Loss Assessment We are often asked why we need the harvested yields for claims on pre-harvest policies, surely the loss percentage from the field counts is sufficient? Hopefully the attached will help to explain the pitfalls of relying solely on these counts and how a simple reality check on the resultant potential...

Last week we got the chance to visit a few of our insureds in VIC & SA who were unfortunate enough to have their crops affected by hail.

Whilst the hail damage was disheartening, we’re glad they had their insurance arranged in advance.

With a lot of thanks to our loss adjusting partners, 98% of claims notified before the 5th December have been inspected and the balance should be inspected in the next seven days.

We wish everyone all the best for the remainder of the harvest season.

Seriously – who would be a farmer.

It does your head in.

It’s hard to imagine an industry which takes you through such a huge range of emotions over the course of a week, a month or a year. Sometime within an hour.

An industry where you can be looking at having the best financial year of your life one day, to possible financial disaster the next.

Or where everything looks like it is going pear shaped, and then it rapidly turns around with one rainfall event, or a few dry warm weeks – or even a change of mindset as you take a step back and see things as they really are.

Where a devastating hailstorm can be followed by a glorious sunset.

Where rainfall, hail or frost can take out one person’s farm but leave a neighbour completely spared.

It does your head in.

When people ask how are things going, how do you answer?

Sometimes when people ask you may be staring at potentially your best year ever, but just need one more rainfall event. Or another week to avoid frost. Or just now need the rain to stop.

Or things may be dire. You may be in severe drought. Or flooded. Or under significant financial pressure. But you know you have neighbours, friends and acquaintances who are worse off than you.

How do you answer?

Do you hold it in trying to ‘keep a lid on it’ when things are good, mainly so you don’t get hurt if it goes bad? Or you don't want to be seen to be gloating when you know others are not faring so well? Do you keep things to yourself when things appear grim because you don’t want to appear a whinger and have people talking behind your back? Do you feel that by talking about your situation it makes you appear weak?

As a farmer, when people ask you if a rain was good for you, or if you need any more, or if more rain would do damage – do you check yourself before you respond as the answer is never simple. The reality it – who really knows. It depends on so many things, mainly around what happens next. Sunshine. Warm days. Wind. More rain. So rather than go into a detailed explanation they really aren’t that interested in, do you just ‘smile and wave’, brush it off with a laugh and instead hold it all in?

And even when your spouse, partner or family members talk to you about it, do you do the same? Is it self denial. A protection measure. For you and (in your mind) for them.

Probably what I have learnt the most in the past few years of the extreme roller coaster ride of droughts, frost, great years and now torrential rain – is that all farmers go through the same emotions. At different levels yes and dealt with in different ways – but the emotions are there non the less.

And we as an industry and rural communities need to normalise our conversations around this. We are all human. We all over think things.

People ask because they care.

And there are things we can do. Like spending times with mates. Getting away for a bit with the family (even if you don’t feel you can afford the time). Focussing on your own wellbeing first, so you can then be in a mindset to look out for others. Being open with your mates and your family. You may be surprised that they may also be the same with you. Go for a walk. Take the afternoon off and take the kids fishing. Listen to music which makes you happy and want to sing along.

And there are professional services who are there to help. Doctors, psychologists, counsellors. Thankfully we are reducing the stigma around mental health and wellbeing and so many more farmers are now using these resources and normalising conversations around what we are feeling and how we are managing life.

There are also wonderful resources developed specifically for farmers such as iFarmwell (www.ifarmwell.com.au). I can personally recommend them – they are great.

Agriculture is full of mountain top experiences and deep valleys – with a whole range of winding roads in between. The highs carry us through the lows. The anticipation and hope of new highs carry us through the lows.

We are farmers because we choose to be. We are a unique breed.

We are stronger than we sometimes think we are.

But we can’t do it alone. It’s a cliché – but we are in this together.

And people ask because they care.

Yesterday afternoon CRU team was pleased to attend an Informative Seminar by Risk Frontiers about climate drivers & natural hazards...

All of us at CRU have been saddened to see images of the devastation to the months and years of farmers and regional communities hard work caused by recent flooding.

We know the financial and mental toll will be severe and hope that everyone can stay safe and connected.

Crops a 'complete write-off' as wheat losses pass $150m in flood-hit north-west NSW The fourth-worst flood in Moree since records began has wiped out more than 120,000 hectares of wheat that was nearly harvest-ready.

Excesses in insurance can be confusing to understand, especially when you have a claim or are trying to compare different insurance policies.

We have put together the attached to help explain why we use different types of excesses accordingly to the circumstances or level of loss and how they impact on claims in our Broadacre and Cotton crop insurance policies.

To read more click the link below...

CRU Excesses Excesses in insurance can be confusing to understand, especially when you have a claim or are trying to compare different insurance policies. We have put together the attached to help explain why we use different types of excesses accordingly to the circumstances or level of loss and how they impact...

As cotton planting speeds up in QLD and NSW we are glad to announce that we have opened for Cotton Insurance quoting for the 2022/23 season.

We have recently released our updated Cotton Brochure with explanations of the different phases of the crop and details of our insurance product including the included additional and optional benefits.

Check our website for details of the insurance intermediaries who can provide more information.

Cotton Insurance Brochure As cotton planting speeds up in QLD and NSW we are glad to announce that we have opened for Cotton Insurance quoting for the 2022/23 season. We have recently released our updated Cotton Brochure with explanations of the different phases of the crop and details of our insurance product including the....

CRU is rolling out it’s Property Survey Program for the 2022 Season. It’s a great opportunity for us to gather insights into this season’s Crop health, Yield Ranges & Harvest expectations.
We’ve randomly selected Properties across the major Cropping regions to participate.

Property Surveys CRU is rolling out it’s Property Survey Program for the 2022 Cropping Season. It’s a great opportunity for us to get some valuable insights into the seasonal conditions and in particular: Crop health, Yield Ranges & Harvest expectations.We’ve randomly selected Properties across the major Cropp...

Don’t get caught out by storm season.
We’ve put together some tips to make your claims experience as smooth as possible, if mother nature does affect your Crops…

You can download the PDF version through our Website link:

https://www.cruw.com.au/how-to-fast-track-your-claim-2/

Price goes up …..price goes down.
What’s the average in-field value of a crop? How much does it cost to harvest and sell?
What are the savings if a crop’s not harvested?
Getting the insured value right and avoiding paying too much for crop insurance.