fbpx
Print this page
Wednesday, 01 August 2018 10:24

Insurance premium holiday for M. bovis farmers

Written by 
Adrian Riminton. Adrian Riminton.

Life insurance provider Fidelity Life says its special relief offer will help farmers deal with the financial impact of Mycoplasma bovis.

The company says customers who are suffering financial hardship due to the impact of the disease on their farms can apply to put their premium payments on hold for up to six months, without affecting their insurance protection.

Fidelity Life chief distribution officer Adrian Riminton says the company has a responsibility to look after its customers, particularly in tough times.

“Life insurance is all about being there for your customers when they need you. Efforts to eradicate mycoplasma bovis will likely see 126,000 cows culled over the next two years and many of our beef and dairy farmer customers will be concerned about the potential impact of mycoplasma bovis on their businesses.”

Farmers are already dealing with high debt levels, which is compounding the financial pressure, says Riminton.

In 2015 Fidelity Life made a similar offer to its dairy farmer customers who were hard hit by a fall in the farmgate milk price.

Riminton says beef and dairy farmers with Fidelity Life policies should contact their financial adviser for information about the offer.

“It’s important for farmers’ financial security - their families and their businesses - that they keep their insurance protection in place, even when times are tough. It’s also important for us to retain our customers, so this offer is a small thing we can do to help our farmer customers get through the crisis.”

More like this

Editorial: M. bovis is back

OPINION: News of the discovery of a new case of Mycoplasma bovis on a dairy farm in Canterbury should not come as a surprise.

MPI probing source of latest incursion

Ministry for Primary Industries (MPI) staff have ramped up testing procedures and investigations in an effort to determine how a dairy herd in the Selwyn district of Canterbury contracted Mycoplasma bovis.

Featured

Sheep drench resistance costly

Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

National

Govt urged to reduce ETS units

The Climate Change Commission wants the new Government to reduce NZ Emissions Trading Scheme (ETS) auction volumes as son as…

Dairy sheep, goat woes mount

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand…

Machinery & Products

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

Can-Am showcases range

Based on industry data collected by the Motor Industry Association, Can-Am is the number one side-by-side manufacturer in New Zealand.