Drought Insurance Tool

Farm Table says:

This user-friendly online tool is designed to help farmers assess their drought risk and explore financial protection options.

This user-friendly online tool is designed to help farmers assess their drought risk and explore financial protection options. With just a few clicks, farmers can select their location and receive an instant estimate of the cost of parametric drought insurance—providing a safety net against the financial impacts of drought.

The tool also offers flexible options, allowing users to customize the coverage level and select the months that matter most to their operations. Plan ahead, protect your farm, and build resilience with this powerful resource

With just a click on the map, users can instantly view premium estimates and potential payout triggers specific to their location.

The tool offers flexible options, allowing users to:

  • Set an attachment point: The rainfall level at which payouts begin.
  • Choose a payout limit: The maximum payout amount.
  • Enter a tick value: Determine the payout per millimeter of rainfall below the attachment point.
  • Select coverage months: Tailor the insurance period to suit seasonal needs.

Farmers can easily adjust the attachment point, exit point, payout size, and coverage period to create a personalized plan that fits their unique risk profile.

Contact details for GRDC

Name: GRDC

Email: toni.somes@grdc.com.au

Contact Name:Toni Somes

Bradley Dawson
Bradley Dawson

Bradley is a seasoned copywriter at Farm Table, bringing decades of experience in journalism and content creation. Formerly a producer and journalist for the Telstra Sports website, he has honed his skills in crafting engaging and informative content. Now, he applies his expertise to the Australian agriculture sector, delivering high-quality writing that informs and supports the Australian farming community.

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