New multi-peril player enters fray

Competition increasing in the aussie multi-peril crop insurance market. MPCI is the Rolls-Royce of crop insurance for growers. Grower MPCI premiums in the US are currently subsidised to the tune of $20b annually by the government providing an affordable earnings floor in difficult years. Be good to see some local assistance with premiums here in the coming years as part of the government's ag policy.