The New South Wales Department of Primary Industries is still calling for those who experienced damage in last week’s hail storm, affecting the Coffs Harbour Coast and Corindi areas, to provide information and estimates for damages. The blueberry crop which is most prominent in the area, had produced fruit, and harvesting commenced days before the storm, but had not been finished by the time the hail hit. OzGroup Blueberry Packing facility may have lost as much as 80% of its crop when the large hail stones hit on Thursday.
Parts of the Mid North Coast looked like snowfields after a heavy hail storm swept through the region. The storm hit Corindi's blueberry industry the hardest, causing millions in damage. Severe thunderstorms along the Mid North Coast on Thursday caused isolated damage from Foster through to Grafton. North of Coffs Harbour in Corindi, the blueberry fields were battered by the hail.
Agricultural insurance system is built on cooperation of 8 insurance companies working through the fund – partnership system “Die Osterreichische Hagelversicherung”. It was founded in 1946 (nonprofit). Business organization is built on mutual insurance association system. The corporate objectives include comprehensive risk management for agriculture system and non-profit features.
Agricutural sector in Australia is one of the most technological in the world. Local farmers compete with the farmers fro other countries though they basically get no goverment direct subsidies. One of the key elements in agricultural production in Australia is Risk Management. Although Australia is a developed country, as well as the agricultural sector, the agricultural insurance market is limited there. The farmers can insure their crops against hail and fire (all crops). They can also purchase insurance for forests against wind, and for orchards - against freezing (late spring frost) for fruits and grapes. Please see the presentation provided by Primacy company from Australia.
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