With storm activity again set to peak over summer, Elders Insurance is urging farmers across the New England region to brace for severe weather, as new claims data reveals the growing financial toll of storm-related damage on rural operations.
A two-year analysis of storm-related farm property claims (January 2023 – November 2025) shows summer remains the highest-risk season for insured losses, with the 2023–24 summer alone accounting for 47 per cent of all claims lodged that year. The current 2024–25 summer season is tracking similarly, with 41 per cent of claims already submitted during the warmer months.
The impact on farmers is substantial. In 2024, storm-related claims paid by Elders Insurance reached $92.14 million, nearly double the $55.85 million paid in 2023. The average summer claim now costs around $24,000, with sheds, fences, solar panels, and machinery among the most frequently damaged assets, items critical to day-to-day farming operations.
New England region among the hardest hit in NSW
In New South Wales, the Northern Tablelands have seen a sharp increase in storm damage during the 2024–25 summer season, with widespread disruptions to both infrastructure and harvest schedules.
“Storm activity typically peaks over summer, those events can be incredibly costly and disruptive for farmers,” said Dale Gleeson, General Manager at Elders Insurance. “The impact on operations and recovery can be significant, especially when critical infrastructure is hit.”
“Any storm damage to sheds, fencing, or machinery can bring operations to a standstill. Farmers tend to work to tight seasonal windows, and losing critical infrastructure during peak production can create a domino effect on productivity and profitability. That’s why preparation is essential before summer storm activity intensifies,” said Mr Gleeson.
Farmers’ biggest concern: weather
Insights from a recent survey of Elders Insurance broadacre farm customers show 90 per cent of respondents listed weather events as their top business risk, ahead of machinery failure or commodity market shifts. Meanwhile, nearly half admitted they lacked a contingency plan for major weather disruptions.
“Farmers know storms can stop operations in their tracks,” said Mr Gleeson. “It’s not just about repairing damage – it’s about keeping business moving when sheds, fencing, or machinery are out of action. A plan can make all the difference during peak production.”
Storm preparation tips for farmers
To help reduce storm-related risks this summer, Elders Insurance recommends farmers:
- Inspect roofs for leaks, loose sheeting, and blocked gutters.
- Check and maintain fences, especially near trees or creeks.
- Secure solar panels and add surge protection.
- Anchor water tanks and inspect pumps and electrical systems.
- Prepare sandbags in flood-prone areas.
- Develop a contingency plan including backup suppliers and emergency contacts.
- Document farm assets with photos and records for faster claims.
- Review insurance policies to ensure current replacement values are reflected.
With another active summer season underway, Elders Insurance is encouraging farmers to take early action to safeguard assets and operations.
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