Partners 24 January 2019
When we founded Stable in 2016, one of our greatest hopes was to find a new way to help the dairy industry manage the risk of volatility. It’s a vital industry and one that’s uniquely exposed to fluctuating incomes, with very few tools available to help farmers manage this significant risk.
Farmers told us loud and clear they wanted a simple, affordable and low risk way to protect their farm from volatility.
Together with farmers, academics and global insurers we did just that; making hedging your milk price as simple as insuring your car.
With this in mind, we’re delighted to announce that Arla members in the UK will be among the first farmers in the world to benefit from Stable’s volatility insurance. This will provide Arla farmers with the option of insuring their milk price with Stable.
Better still, as an Arla member they will also get a discount on the premium payable for any insurance policy they choose to purchase.
The process is simple and getting a free and no obligation insurance quote takes less than 2 minutes.
(Arla farmers simply have to enter their Arla membership number to receive the discount.)
The premiums and claims are all based on DEFRA’s UK Farmgate Milk Price, rather than each individual farm. All policies are underwritten by Lloyd’s of London syndicates, such as Ascot Underwriting Ltd which has an A+ rating from Standard and Poor’s.
If a claim is due when we have the latest index price, (i.e. the index price has fallen) then Stable will simply require the farmers bank details and the claim is paid automatically via bank transfer to replace the farms lost income.
We’re thrilled to be able to offer a new risk management tool to Arla members and we look forward to helping many more dairy farmers in the future.
If you would also like to work with Stable to help your clients, members or readers manage volatile prices then please get in touch.
Please note that this will only be available direct from Stable Group Ltd and not from Arla themselves. Arla are in no way involved in the actual volatility insurance offering and it is up to farmers to decide if the insurance quote is suitable for their business.
Take a look at our media kit where you can find out more about us and access logos, team photos and images of our product in action. For quotes, interview or other media requests, please contact us.
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