Farm Income Protection


How does it work?

Members pay a protection fee for the winter broadacre hectares they want to cover.  The pool of protection fees collected each season are then used to fund any claims.  Claims are paid based on a financial assessment and paid out in February each year.

Applying for Farm Income Protection

At the start of each season our members are asked to map their paddocks in Latevo Maps. This gives an indication of how many hectares our members want to protect for the season. If your plan changes from the start of the season, Latevo Maps can always be updated once sowing is completed.

Members are then offered Farm Income Protection based on their District or Individual Average income per broadacre hectare. Members who are protected at their Individual Average are eligible for any Category upgrades that may be offered through the season.

Each member pays their protection fee and the collected pool of protection fees funds any claims at the end of each season. Claims are assessed by the Aussie Farmers Mutual Board in February each year and paid in the last week of February.

If there is a large number of claims made in any one year that the exceeds the amount of protection fees collected the Board has the discretion to pay claims on a proportional basis, ensuring that all members in a claim are treated fairly.

How are Individual Averages assessed?

Members complete an initial Individual Assessment and provide season updates each year. Agri-Analytics work with members to collect their production data and financials.

Agri-Analytics analysis is based on income, not yield, which can be verified against cashbooks, tax returns and audited financial statements.  Yield data cannot be independently verified and does not provide an accurate assessment of a grower’s potential income.

Flowering oilseed rape close-up under blue sky with white clouds. Brassica napus

Perils we protect against

Aussie Farmers Mutual is the market leader in Farm Income Protection, with protection for your crops against over twenty perils

Water Stress
Excessive Rain
Heat Stress
Wandering Livestock
Residual Herbicides
Grain Hedging Losses
Accidental Fire
Chemical Overspray
Accidental Herbicide Application
Weed Infestation
Insect or Pest Manifestation
Plant Disease out of reasonable control

Crops we protect

Designed for Australian broadacre farmers, our Farm Income Protection can protect your farm income

  • Wheat
  • Barley
  • Canola
  • Chickpeas
  • Faba Beans
  • Field Peas
  • Hay
  • Lentils
  • Linseed
  • Lupins
  • Oats
  • Rye
  • Triticale
  • Vetch