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Farm Insurance

Your farm is your business, and it needs protection from everything nature throws at it

Fire, flood, storm, drought, livestock loss, equipment breakdown, farming faces unique risks every day. Farm Insurance protects your property, stock, crops, and income when the unpredictable becomes reality.

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What could go wrong

(and why you need this)

Farming faces risks no other business does. Bushfires, floods, livestock deaths, machinery breakdowns, nature doesn’t care about your mortgage payments or operating costs. One major event can wipe out years of investment and leave you unable to operate. Unlike other businesses, you can’t just “pivot”; your livelihood is tied to the land and the season.

Scenario 1

The bushfire

A bushfire sweeps through your property. You lose 500 hectares of pasture, $80,000* worth of fencing, a machinery shed with $120,000* in equipment, and 40 head of cattle valued at $60,000*.

Total loss: $260,000*. Without insurance, you’re facing a complete rebuild while still servicing debt and living expenses.

What Farm Insurance covers

Buildings, fences, destroyed infrastructure, livestock loss, machinery and equipment damage, pasture restoration costs, and temporary accommodation if your homestead is destroyed.

Scenario 2

The flood

Unprecedented rainfall floods your property. Water destroys your hay shed with $45,000* worth of stored feed, ruins 200 tonnes of grain ready for harvest ($90,000*), drowns 15 cattle ($22,500*), and washes away irrigation infrastructure ($35,000*). You can’t operate for months.

What Farm Insurance covers

Lost or damaged produce, feed and grain stores, livestock drowning, infrastructure damage, clean-up costs, and loss of income while recovering.

Scenario 3

The accidental poisoning

Someone leaves a gate open, and your cattle break into a neighbour’s property, eating toxic plants. You lose 25 head worth $37,500*. Vet bills for the survivors: $8,000*. Your neighbour is claiming $5,000* for property damage.

What Farm Insurance covers

Livestock loss from accident or disease, vet treatment costs, legal liability to neighbours for stock wandering, and clean-up costs.

Scenario 4

The machinery breakdown

Your primary harvester breaks down during the peak harvest season. Repairs: $35,000*. Replacement parts take 3 weeks to arrive. You’re paying contractors $12,000* to finish harvesting before the weather turns. Lost income from delayed harvest: $40,000*.

What Farm Insurance covers

Machinery repairs, hire of replacement equipment, expedited freight for parts, and some policies cover consequential loss (lost income due to breakdown).

What this actually covers

Farm insurance

Farm Insurance is a specialised package covering agricultural operations:

Property and buildings:

  • Homestead and farm buildings
  • Sheds, barns, and storage facilities
  • Fencing (paddock, boundary, structural)
  • Yards, silos, and fixed equipment
  • Hay and grain stores
  • Irrigation systems and water infrastructure

Livestock:

  • Cattle, sheep, horses, pigs, poultry
  • Accidental death or injury
  • Fire, flood, storm, and lightning
  • Dog or wild animal attack
  • Poisoning or disease
  • Theft and malicious acts
  • Transit to and from sale yards

Farm equipment and machinery:

  • Tractors, harvesters, headers
  • Implements and attachments
  • Utes, farm vehicles, motorbikes
  • Portable equipment and tools
  • Fixed plant (pumps, generators)

Produce and stock:

  • Harvested crops in storage
  • Growing crops (hail, fire, flood)
  • Hay, silage, and feed stocks
  • Wool, milk, and other produce
  • Seeds and chemicals

Public liability:

  • Visitor injuries on the farm
  • Stock wandering onto roads
  • Damage to the neighbour’s property
  • Injuries from farm operations
  • Product liability (if selling direct)

Optional extras

  • Farm income protection (loss of earnings)
  • Hail and frost cover for crops
  • Disease outbreak cover
  • Environmental damage liability
  • Seasonal workers compensation

What's typically not covered

  • Market price changes
  • Normal mortality rates
  • Poor management or neglect
  • Deliberate acts
  • War or nuclear contamination
  • Wear and tear

When you need this

By founder stage

Start smart

Pre-launch to first year

You need this on day one if you:

  • Own or lease agricultural land
  • Run livestock of any size
  • Grow crops commercially
  • Own farm machinery or equipment
  • Have farm buildings or infrastructure
  • Employ workers or contractors

Typical coverage

Homestead and buildings ($500k-$1M), livestock (actual numbers and values), machinery ($200k-$500k), public liability ($20M).

Scale strong

Growing and hiring

Your cover needs to increase when:

  • You’re expanding hectares under management
  • You’re increasing stock numbers significantly
  • You’re investing in expensive machinery (headers, harvesters)
  • You’re building new infrastructure (sheds, silos, irrigation)
  • You’re diversifying enterprises (crops + livestock + agritourism)
  • You’re hiring more permanent staff

Enterprise-specific additions

Viticulture needs a different cover than cattle grazing. Intensive horticulture has different risks than broadacre cropping.

Stay protected

Established and optimising

Review your cover annually:

  • Update livestock numbers and values (market prices change)
  • Increase building sums insured (replacement costs rise)
  • Review machinery values (new purchases, depreciation)
  • Check fence replacement costs (materials cost more every year)
  • Add new enterprises or crops
  • Update income protection if revenue grows

Typical coverage

This is where things get custom, and you need to talk to the team at Pocket to evaluate your specific needs.

Common questions

Founders actually ask

Does farm insurance cover drought?

No. Drought is an uninsurable risk because it’s gradual, predictable, and affects large areas simultaneously. Some policies offer income protection for other reasons (fire, flood), but not drought. Government drought assistance programs may help.