Investing in Agri-Tech
As well as constantly developing our own products and services to protect farmers, we see it as part of our role to keep you informed about how the industry is evolving – in technology and beyond – and what that means for your business.
Today, the pace of change is staggering. There's a technological revolution happening in farming, with a growing number of systems available to enable farmers to increase productivity, protect the environment as well as make their job safer. So, whether you’re looking to build a state of the art vertical farm, or you’re taking delivery of a robotic tractor, embracing the right technology is important to improve productivity as well as reduce costs.
The challenge is to decide on which technology to adopt and when. This involves taking a holistic view of the farm, ensuring you choose technology with the potential to improve resilience and make your business more profitable for the future.
We've worked with a number of experts to produce our NFU Mutual Agri-Tech report. The report aims to help farmers understand the opportunities and risks ahead so they can make the right decisions for their farming business.
Beware of underinsurance as you purchase or lease new equipment. This is when you do not have the correct insurance in place and the amount you are paid if you make a claim could be reduced. Remember, policies generally require you to regularly assess how much insurance you need and inform your insurer if any changes are required.