New leaders for Insurance Council
The Insurance Council of New Zealand (ICNZ) has appointed a new president and vice-president.
Rural insurance company Farmers Mutual Group will have a wider presence at stock auctions and stud sales, according to FMG business development manager Hayden Dunne.
The insurer is offering non-renewing, short term insurance for bulls, rams, stags and other high value livestock.
Buying breeding animals is a big cost to farmers, especially when trying to build up strong genetics, says Dunne. The dangers of mishaps are often costly.
“Farmers can easily pay up to $10,000 for some animals. If you pay good money it’s important to have them protected; cover also includes transit to get them home safely.”
Dunne says this is especially important if a farmer only has one or two bulls as mishaps are likely to have an increased negative effect at mating time.
FMG has a range of cover options available from transit + 30 days, right through to 12 months to protect farmers’ outlay should an animal die as a result of accident, disease or illness.
Dunne says cover for intentional slaughter when infertility results from an accident disease or illness is also included.
“We’d need to get a vet to examine the animal, but if it is proved to be not capable of reproduction we will compensate farmers for the amount insured less the slaughter value at the works.”
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The Ministry for the Environment (MfE) has found itself in a stoush with NZPork over the controversial National Policy Statement for Highly Productive Land (NPS-HPL).
Fonterra says the sale of its global consumer business and its Oceania and Sri Lankan operations could take 18 months to complete.
The lobby group the Methane Science Accord (MSA) says it welcomes a recent government move to seek outside advice on reducing biological methane targets, rather than relying on recommendations made by the Climate Change Commission.
Well-known scientist Jock Allison has passed away.
After a decade of consultation and court battles, Environment Southland has officially adopted a plan to prevent further decline in the region's water quality.
Farmers are throwing down the gauntlet to politicians - hold an independent inquiry into rural bank lending or face tough questions from the farming sector.
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