Insurance is not a nice to have, but a necessity
Farmer's Weekly|October 06, 2023
Silo operators may be feeling the pinch of increases in insurance premiums, but it is vital to be covered
- Magda du Toit
Insurance is not a nice to have, but a necessity

The primary focus of insurance is the protection of property, products, and people. But insurance, especially in the grain storage sector, can be complicated. The last topic discussed during the Agbiz Grain, Grain and Oilseed Value Chian Symposium, held in Pretoria, focused on insurability within the grain storage sector.

In his opening remarks, Wessel Lemmer, general manager at Agbiz Grain, noted that the insurance cost for silo operators had escalated notably over the past decade. “The increase in insurance costs pertains to the cost at silo as well as for the grain during transport. What we wish to do during our panel discussion is to dissect all the elements that pertain to insurance in the grain storage sector, but we would also like to show what our industry is already doing to reduce risks and insurance costs.”

Agbiz Grain is an association of 12 storage operators that are active in the South African market. Members handle and store 70% of the grain and oilseeds produced in the country and are the owners of 98% of all JSEregistered sites. “We play a significant role in the functioning of the market in creating an environment in which the storage sector can thrive, expand and be competitive,” Lemmer explained.

The discussion was moderated by Kobus Truter, head: Structured Commodity Finance at Absa. The other members were Sean Harper, national survey manager, Santam Insurance; Zahnn Meyer, head: Global Commodity Finance – Nedbank; Ebbe Rabie, managing director: Speciality – Price Forbes; Gerard Ramage, SHEQ manager – VKB Group; and Letisha van den Berg, director – Aggregate and Sand Producers Association of Southern Africa.

この蚘事は Farmer's Weekly の October 06, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Farmer's Weekly の October 06, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

FARMER'S WEEKLYのその他の蚘事すべお衚瀺
South African Bakkie of the Year winners
Farmer's Weekly

South African Bakkie of the Year winners

The winners of this popular competition were announced at Nampo Cape, held in Bredasdorp, Western Cape, in mid-September.

time-read
5 分  |
October 18, 2024
Think of your farm as a trial plot in part
Farmer's Weekly

Think of your farm as a trial plot in part

Always keep an eye out for different situations on your farm and analyse them so that you can fine-tune your methods and raise your yields. Learn from experience and don't repeat your mistakes

time-read
2 分  |
October 18, 2024
Biological crop protection: it's tricky but possible
Farmer's Weekly

Biological crop protection: it's tricky but possible

Integrated pest management is a complex process that takes each farm's uniqueness into consideration. With growing support from all spheres, biological solutions are gaining traction.

time-read
8 分  |
October 18, 2024
The critical role of proper nutrition in pig and poultry production
Farmer's Weekly

The critical role of proper nutrition in pig and poultry production

Proper nutrition is vital for the health and productivity of pigs and poultry. Dr Sipokazi Nyeleka and JD Mostert spoke to Octavia Avesca Spandiel about exploring essential nutrients, common feeding mistakes, and best practices for feed safety to optimise livestock growth and reproductive health.

time-read
6 分  |
October 18, 2024
How and when to dip, deworm and vaccinate your cattle
Farmer's Weekly

How and when to dip, deworm and vaccinate your cattle

Livestock health management has evolved over the decades to include disease prevention and growing farm revenue. The most effective health management strategies are those that include dipping, deworming, and vaccinating animals. Prof Cheryl McCrindle takes a closer look at these practices.

time-read
6 分  |
October 18, 2024
Aquaculture on the rise
Farmer's Weekly

Aquaculture on the rise

This report focuses on the production and trade of aquaculture and farmed fish over the next decade, and projects where the industry is likely to end up in 2032.

time-read
9 分  |
October 18, 2024
Food trends increase scope for valueadding opportunities
Farmer's Weekly

Food trends increase scope for valueadding opportunities

From veganism to upcycling, new food trends present avenues for value-adding and exploring new markets. After a recent visit to Switzerland, Lindi Botha reports on two companies making headway in that country.

time-read
7 分  |
October 18, 2024
Injecting livestock: best practices and vital considerations
Farmer's Weekly

Injecting livestock: best practices and vital considerations

Improper injection techniques can lead to animals suffering and the reduced efficacy of medications. Dangerous organisms and parasites can also develop resistance

time-read
2 分  |
October 18, 2024
Plant breeders' rights herald a new world of improved varieties
Farmer's Weekly

Plant breeders' rights herald a new world of improved varieties

New technology to create improved varieties is being developed at warp speed. Keep up with it, but take care not to run foul of the laws that protect it

time-read
3 分  |
October 18, 2024
One person, hundreds of animals die in Memel fires
Farmer's Weekly

One person, hundreds of animals die in Memel fires

An elderly woman of 80 was killed in the veld fires that destroyed about 50,000 ha in the Memel and Vrede districts of the Free State in the last week of September.

time-read
1 min  |
October 18, 2024