Exclusive PRRS and PED insurance coverage protects US pork producers
INDIANAPOLIS - first-of-its-kind insurance coverage for farmers affected by Porcine Reproductive and Respiratory Syndrome (PRRS) and Porcine Epidemic Diarrhoea (PED).
21 March 2018
2 minute read
By: James Allen Insurance, a family-owned farm and ranch insurance company, announced today a first-of-its-kind coverage for Porcine Reproductive and Respiratory Syndrome (PRRS) and Porcine Epidemic Diarrhoea (PED) to pay farmers for a lack of production resulting from PRRS or PED.
Tim Craig, CEO, James Allen Insurance, spoke to Newswire:
Pork producers have shown concern for both PRRS and PED as these diseases can severely lower production and have severe financial effects on their operations.
Hearing this need, we have created insurance coverage to transfer the financial risk of a break.
Veterinarians and professors at top universities say it is not a matter of if a break will occur but when it will happen. Tim Craig responded to this:
This is very true. Take the PED break that happened in Oklahoma just a few weeks ago. The financial impact of that one event will have over a $15 million impact on pork producers in the state who were uninsured. The product our company offers would allow for all that risk to be transferred from the producer to our insurance policy, creating financial stability and peace of mind.
As a highly contagious viral infection, PRRS and PED are hard to treat and easily spread. They are considered two of the most economically damaging diseases for the pork industry.
As reported by Newswire
Emily Houghton
Emily Houghton is a Zoology graduate from Cardiff University and was the editor of The Pig Site from October 2017 to May 2020. Emily has worked in livestock husbandry, and has written, conducted and assisted with research projects regarding the synthesis of welfare and productivity of free-range food species.
