County Insurance featured in South East Farmer magazine
SUCCESS FOR COUNTY’S OPEN, ON-SITE DIALOUGUE IN THE FACE OF DIVERSITY
The Farming Review section of August’s South East Farmer talks about fluctuating incomes due to legislative changes alongside ever-rising costs. This has brought about an increase in diversification as a way for farmers to maximise their land, assets and skills.
According to the DEFRA, more than half of all UK farms use some form of diversified activity in their farming business and these bring an average of £10,400 extra revenue per farm.
Tim Sydenham, County Insurances Director talks about the importance of advising Insurers of any diversification and says “Unless told otherwise, insurers will assume that farms are used for agricultural purposes. Failing to advise them of any diversification could cause problems claiming. Our open, on site dialogue with clients enables us identify any new activities which would not be deemed as core farming activities by insurers”.
Tim Sydenham also says in the article “Having supported farming clients in the Oxfordshire area for more than 25 years, County Insurance Services has witnessed a shift towards more ambitious diversification. There has been a big move towards energy production. We’ve helped several farmers letting out areas of land for solar farms and anaerobic digestion plants, and others installing their own energy producing sources including bio-mass boilers, water turbines and even floating solar panels”
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