As reported by the Stock & Land this week, there has been a sharp increase in livestock theft and rural crime. The latest farm related crime figures [June 2019] by the Victorian Crime Statistics Agency indicate that in the last five years, there has been a 63 per cent increase in the number of reported livestock related theft offences[i].
The actual figures could be much higher, with farm crime often under-reported.
In response to rising numbers of stolen livestock, we have launched a theft awareness campaign which focuses on identifying and reducing risks. A few simple precautions can help reduce the risk of losing your most valuable livelihood assets, download our livestock theft fact sheet today.
Achmea CEO Emma Thomas said farm crime is a real knock to the spirit and can leave farmers financially exposed. We encourage farmers to adequately insure their livestock as well as personal,
household and farm items.
“Farmers have been doing it incredibly tough due to unfavourable seasonal conditions,” Mrs Thomas said.
And with recent reports of booming lamb prices as the national herd declines due to drought, sheep farmers are more at risk from thieves than ever.
“Unprecedented lamb prices can certainly drive livestock theft and farm crime; livestock security must be a focus area”.
“We also encourage farmers to review their insurance to help reduce their financial exposure from livestock theft,” Mrs Thomas said.
For an on-farm appointment, please contact your local Achmea Risk Specialist today.
Achmea also launched a dedicated ram stud stock insurance product at the 2019 Australian Sheep and Wool Show to cover theft during transit, as well as mortality and loss of use through accident or sickness.
[i] Crime Statistics Agency Victoria (13 June 2019), Farm related crime. Data from April 2014 to March 2019.