I’d like to acknowledge those impacted by the recent weather events, and to offer assurance that our teams are doing all they can to help clients recover.
If you’re yet to lodge a claim, I encourage you to do so as quickly as is practical, as the sooner we have these details, the quicker we can help. Read more on our response to date.
Stepping back from this and looking more broadly, I feel there’s a sense of optimism across the sector.
I recently attended the FMG Young Farmer of the Year Grand Final in Invercargill Waihōpai, and the talent and passion on display was outstanding. Congratulations to Hugh Jackson, for becoming the 57th winner of this prestigious contest, and to everyone who competed at all levels.
With such committed and determined young farmers leading the way, the future of the rural sector is very bright.
I also felt a sense of optimism from those I spoke with at National Fieldays last month, with many talking of increasingly positive farm gate returns which equally, is a great sign.
FMG too is in good heart and on track to record a strong profit. This year’s result will be down to a combination of solid insurance revenue, favourable investment markets and a benign year for major claims.
FMG’s financial results will be available on our website later this month.
We’re pleased to also deliver a positive result from our recent quarterly pricing reviews. We’ve made around $35 million in premium reductions across several products, meaning clients holding these products may receive premium decreases or smaller premium increases on renewal.
Finally, this is the first edition of FMG Post where we’ve teamed up to share the print version via Farmers Weekly – moving from our previous distribution method of printing and posting it using multiple suppliers.
I’d like to acknowledge this new partnership with Farmers Weekly and with it highlight that innovation doesn’t always need to be big – it just needs to be effective. This small shift in thinking is a great example of that, and just one of the ways we aim to deliver our Vision of ‘helping to build strong and prosperous rural communities’.
