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Agriculture Companies

Agriculture companies face increased risks from severe weather to workforce challenges and more. Marsh can help you manage these risks while protecting your bottom line.
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Today’s agriculture companies are becoming a more visible participant in the along the farm-to-fork journey. As consumer preferences change and focus on healthy eating and preference for locally sourced products that are socially responsible, agriculture companies are faced with a growing complexity of risks that must be addressed to protect their bottom lines. Some of these risks include:

  • Growing population: The world’s population is expected to grow from 7.5 billion to 10 billion by 2050, requiring at least a 70% increase in the total availability of food.  Agricultural suppliers must find ways to innovate across multiple activities in the supply chain to boost productivity, total yield, and market access.
  • Supply Chain: With higher costs and continued threats to both physical and digital supply chains, food and beverage companies require an agile mindset to identify and quickly address ever-evolving challenges.
  • Climate & Sustainability: As agriculture producers strive to meet evolving demands for a sustainable food system, it is important that they address climate & sustainability risks by mitigating the impact of extreme weather on food production while decreasing the industry's impact on climate through greenhouse gas emissions across the supply chain.
  • Environmental, social, and governance (ESG) expectations: The environmental and social credentials of agriculture producers are increasingly important to food manufacturers and the end consumer. ESG expectations create a reputational risk for farmers and commodity buyers that needs to be carefully managed.
  • Cyber: Increasingly, the internet of things (IoT) is being leveraged throughout the agricultural industry for enhanced visibility and transparency across the supply chain. However, this growing dependence on technology creates new food safety and distribution concerns in the event of an outage or a malicious cyber attack.
  • Disease: Epidemics and pandemics, whether human (COVID0-19) or animal (African swine fever, avian flu), have greatly impacted the livestock industry and caused serious supply chain disruptions.

Agricultural companies need to create a proactive risk management program that address these risks. Marsh can help you identify the steps to take to mitigate the impact of each of these threats and the relevant insurance coverage to reduce your total cost of risk.

Our expertise and solutions

Property Risk Management

Casualty

Cyber Risk

Business Interruption & Supply Chain

Product Recall

AgriGap

Our people

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Greg Benefield

National Food, Beverage & Ag Segment Leader

  • United States

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