New insurance policy launched for small farmers

Low farm-gate prices for small farmers along with rising costs together are making life for many burdensome
Low farm-gate prices for small farmers along with rising costs together are making life for many burdensome

Rural insurers NFU Mutual have launched a new insurance policy for farmers with up to 50 hectares.

The insurance firm said 'Farm Essentials' complements its Farm Select Policy which covers 75% of the UK's farmers.

Low farm-gate prices for small farmers along with rising costs together are making life for many burdensome. Their new policy has been developed with the help of NFU Mutual's panel of small farmers.

Economic pressures

Mike Lawler, Head of Propositions at NFU said small farms are essential to the well-being of the industry.

"They are at the heart of country life, provide fantastic opportunities for new entrants to get a foothold in agriculture and enable mixed or difficult land to be farmed effectively in an environmentally friendly way."

"However, current economic pressures are making it increasingly difficult for farms under 50ha to thrive.

That's why we have developed a special policy which provides the protection they need, the expert local service our customers expect that results in 93% of our policies being renewed, and potentially lower premiums.

"Our Farm Essentials Policy, combined with other measures, such as out new Farm Succession Service, is intended to help make small farms sustainable for the benefit or current and future generations of farming families."