The Canola Heat Stress Weather Certificate by CelsiusPro is tailored for Australian canola farmers, providing financial protection against yield loss due to heat stress, with a parametric trigger based on daily maximum temperatures during critical growth periods.
Canola Heat Stress Weather Certificate
Key Features
Temperature-Triggered Payouts
Automatically pays out when daily maximum temperatures exceed set thresholds, ensuring prompt financial support without the need for yield damage assessments.
Customisable Coverage
Farmers can tailor coverage parameters, including the temperature thresholds and payout amounts, to match their specific risk exposure and financial needs.
Premium Range
Offers a flexible premium range between 5% to 10% of the sum insured, allowing farmers to choose the level of protection that suits their budget.
Risk Period Focus
Concentrates on the critical 45-day risk period, which includes two weeks after the first flower and two weeks after flowering has ceased, addressing the most vulnerable growth stages to heat stress.
Accurate Temperature Monitoring
Utilises BOM grid and Weather Station data for precise temperature measurements, ensuring fair and accurate trigger conditions for payouts.
Payouts are triggered by specific temperature conditions, providing quick financial relief without the delay of claims processing, directly addressing the yield impact of heat stress.
Immediate Financial Response
With the ability to customise coverage to their operation's specific needs, farmers gain a personalised risk management tool that reflects their unique exposure to temperature fluctuations.
Tailored Protection
By protecting against the financial implications of heat-induced yield loss, the certificate supports the long-term sustainability and profitability of canola farming in Australia.
Supports Farming Sustainability
Why Choose Canola Heat Stress Weather Certificate?
This certificate is crucial for mitigating the financial risks associated with canola farming in Australia's variable climate, offering a safety net during the heat-sensitive flowering period.
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