Publication Date

1-2003

Document Type

Report

DAFWA Collections

Grains and field crops

Publisher

Department of Agriculture Western Australia

City

Perth

Abstract

II. Objectives of the Multi Peril Crop Insurance Task Force

1. To report to the Minister for Agriculture, Fisheries and Forestry on the feasibility of introducing MPCI (drought and fro.) insurance for wheat and barley crops in Western Australia.

2. To examine the scope and design of potential insurance schemes and their desirability both from a fanning and insurance perspective.

3. To commission studies and actuarial assessments so that actuarially sound premiums can be determined, at the farm level if possible.

4. To ensure that any insurance scheme adopted at least covers the direct (cash) input costs of putting in the crop. ff To assess the feasibility of whether these schemes can be produced on a commercial basis with the risk to be effectively underwritten by the private sector.

5. To assess the feasibility of whether these schemes can be introduced on a commercial basis with the risk to be effectively underwritten by the private sector.

Number of Pages

430

Keywords

Western Australia, Insurance, Risk analysis

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