Grain price increases leave farmers at risk

BiB Underwriters has written to all its broker clients advising them to contact farming policyholders over the risk of being under-insured.

The price of grain has doubled over the past year because of a number of reasons: • Growing of grain for alternative fuels following UK government initiatives and legislation to encourage it;

• Increases in global demand, for example, China was until recently an exporter of grain, it is now a net importer;

• Global shortages – higher than average