The purchasing of insurance products can offer a reliable form of risk protection to a business. It should be remembered that buying insurance is ultimately an investment and as such you should ensure the price of the insurance matches the risk/cost of the insured event happening.
Agriculture is becoming an increasingly digital/tech driven sector. Data and digital information are increasingly relied upon to make key management decisions. The implications of this data being incorrect or corrupted need to be considered and protected against if the risk is deemed significant enough.
Farming businesses need to consider the value of their intangible assets. If these are deemed to be of significant value then steps should be taken to protect these via use of copyrights, patents and trade marks.