Crop Insurance NZ

What is Crop Insurance?

Crop insurance provides essential protection for farmers and agricultural businesses against loss of crops due to natural disasters, adverse weather conditions, and other specified perils. It helps ensure financial stability in an industry where income can be significantly affected by factors beyond the farmer's control.

New Zealand's agricultural sector faces various risks including drought, floods, hail, frost, and disease. Crop insurance provides peace of mind and financial protection against these unpredictable events.

What Does It Cover?

• Drought damage
• Flood damage
• Hail damage
• Frost damage
• Fire damage
• Disease and pest damage

Who Needs Crop Insurance?

Crop insurance is essential for:

• • Dairy and sheep farmers
• • Horticultural growers
• • Arable farmers
• • Vineyard owners

Typical Costs

Crop insurance is typically priced as a percentage of the crop value. Typical rates start from:

• • Annual crops: From 3% of value
• • Perennial crops: From 2% of value
• • High-risk areas: Higher rates apply