# Farm income protection eases pain of crop loss - Grain Central

> Flooding in New South Wales' Lachlan Valley has wiped out crops on several farms, including Myall Park near Forbes. Farmers with income protection policies expect payouts covering the gap between grain value and 75-80% of five-year average income per hectare.

- Date: 2016-11-25 · published 2016-11-25T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/73905-farm-income-protection-eases-pain-of-crop-loss-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Regional flood losses in NSW reduce local barley, wheat and oat supply, but the scale is local and unlikely to move world prices much. Insurance payouts help sustain farm income rather than change crop volumes.

## Read by commodity

- WHEAT: neutral
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-05-20 | [New-crop forecasts roll out as crop goes in - Grain Central](https://feedsoft.ai/events/24625-new-crop-forecasts-roll-out-as-crop-goes-in-grain-central.md) | +0.6% | +1.6% |
| WHEAT | 2020-12-22 | [Condition of European and US winter crops poles apart - Grain Central](https://feedsoft.ai/events/49592-condition-of-european-and-us-winter-crops-poles-apart-grain-central.md) | +0.2% | +7.6% |
| WHEAT | 2019-01-15 | [The winter crop that was: West trumps East in 2018 - Grain Central](https://feedsoft.ai/events/61049-the-winter-crop-that-was-west-trumps-east-in-2018-grain-central.md) | +3.3% | +2.7% |
| WHEAT | 2024-04-10 | [Winter-crop plant off to patchy start across Australia - Grain Central](https://feedsoft.ai/events/30668-winter-crop-plant-off-to-patchy-start-across-australia-grain-central.md) | -0.4% | -0.3% |
| WHEAT | 2019-10-30 | [Central Queensland winter crop defies eastern drought - Grain Central](https://feedsoft.ai/events/56536-central-queensland-winter-crop-defies-eastern-drought-grain-central.md) | -0.2% | +7.3% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/farm-income-protection-eases-pain-of-crop-loss/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.