SPRING SUMMER BONUS MAGAZINE 2026

provides agricultural producers with a trusted advisor committed to protecting not only the farm, but the future of the business. Key risk management actions every producer should consider While every farming operation is unique, the following practical measures can significantly improve resilience and reduce the impact of unforeseen events: Review asset values annually Ensure that buildings, irrigation systems, machinery, vehicles, livestock, and other critical assets are insured at realistic replacement values to avoid underinsurance. Identify business-critical dependencies Understand which assets, facilities, suppliers, or processes would have the greatest impact on operations if they failed and develop contingency plans accordingly. Implement preventative maintenance programmes Regular servicing and maintenance of pumps, generators, irrigation systems, refrigeration units, and agricultural machinery can significantly reduce breakdown-related losses. Strengthen fire and security controls Maintain firebreaks, firefighting equipment, alarm systems, access controls, and stock security measures to reduce both the likelihood and severity of losses. Develop a business continuity plan Identify alternative suppliers, emergency procedures, backup power solutions, and recovery actions that can minimise operational disruption following a major event. Review liability exposures regularly Consider risks associated with contractors, visitors, product distribution, neighboring properties, and environmental incidents to ensure appropriate safeguards and insurance protection are in place. Partner with a trusted advisor Regular risk reviews with your insurance and risk management partner can help identify emerging risks, coverage gaps, and opportunities to strengthen resilience before losses occur. The FAULDS difference At FAULDS , we believe the most effective risk management programmes are not built around insurance policies alone, but around a deep understanding of the producer’s business, objectives, and operational realities. By combining practical risk management advice with tailored insurance solutions, we help agricultural businesses move from simply transferring risk to actively managing it. Let’s start the conversation Every farming operation faces unique risks, and no two risk management strategies should look the same. Whether you operate a crop farm, livestock enterprise, packhouse, agri-processing facility, or mixed farming business, FAULDS can help you assess your exposures, identify potential gaps and develop a tailored risk management and insurance strategy aligned to your operational objectives. Contact FAULDS today for a complimentary risk review and discover how a proactive approach to risk management can help protect your assets, safeguard profitability, and strengthen the long-term resilience of your business. +27 87 223 3000 | Info@wisepro.co.za | faulds.co.za www.agribonus.co.za Spring/Summer 2026 BONUS 57