SPONSORED | Tech-driven trends such as precision farming, have led insurers to structure policies to account for new, emerging risks, says Western National Insurance.
adoption of electric utility vehicles and the associated cost and risk implications, today’s agricultural implements rely on a complex network of electrical components.
The cost of electronic and computer systems that power today’s harvesters has increased dramatically over the past few years, with the sum total of these components reaching over R1m. These developments have led to the risk landscape in agriculture becoming more nuanced, to allow for specialist areas and types of risk.
Drones are another prime example of how technology is being harnessed by the agriculture sector to improve efficiency, reduce the cost of labour and introduce more sustainable farming methods.
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