Extreme weather events make underinsurance a reputational issue for agricultural carriers

The UK experienced high levels of rainfall in the autumn of 2019, which made it difficult or impossible to sow winter cereal crops in many parts of the country. This situation was compounded in January and February 2020 by severe rainfall, which resulted in flooding of low-lying land and loss of germinated winter cereal crops. As a consequence, there is a high likelihood there will be a shortage of cereal crop straw this summer and a subsequent rise in price through the forces of supply and demand.