National Farmers’ Federation Request for Quotation (RFQ) - On-farm Financial Risk Management Project - Sub-Project 1: Insurance

Sep 12, 2026

Request for Quotation (RFQ) seeking services for Sub-Project 1: Insurance under the National Farmers’ Federation On-farm Financial Risk Management Project. The work examines and reports on commercial and government-subsidised farm insurance products, including derivatives and similar instruments, available to Australian farmers and internationally. Deliverables include market analysis of existing products and data collection on usage, assessment of barriers and policy impacts, and evaluation of government-subsidised options, with stakeholder engagement, farmer reference group input, and integrated recommendations.

LanguageEnglish

CategoryLetters

FormatPDF

Pages4

Reading Time2 min

AccessFree to download

Sub-Project scope

Objectives

Required submission expertise

Deliverables

Part One: Commercial insurance markets

Part Two: Potential government subsidised insurance options

Engagement and reporting

Timeline

National Farmers’ Federation Request for Quotation (RFQ) ON-FARM FINANCIAL RISK MANAGEMENT PROJECT: Sub-Project 1-INSURANCE This Request for Quotation (RFQ) is seeking services to examine and report on commercial and government-subsidised farm insurance products as part of the National Farmers’ Federation (NFF) On-farm Financial Risk Management Project. The aim of this sub-project is to: • describe the range of farm financial risk management insurance products, including derivatives and other similar products, currently available to Australian farmers and farmers in other countries; • identify and assess options for improving the effectiveness of existing products and expanding the range of those products; • identify and assess the barriers to implementation and uptake of those options; and, • make recommendations for addressing those barriers. Individuals or organisations making a submission are required to have an understanding of Australian and international farm financial risk management insurance products, companies, markets, government policies and the Australian agriculture sector. Background On 18 July 2019, the NSW Government announced it would allocate funds to work with the National Farmers Federation and identify potential models that could be used to protect farmers against income loss in future droughts or even natural disasters. The Project is focused on the following 7 sub-projects: Sub-Project 1: Commercial and Government-subsidised insurance options Sub-Project 2: Forward contracts, futures, options and swap market options Sub-Project 3: Mutuals and Co-operatives Sub-Project 4: Financial risk management options – awareness and education Sub-Project 5: Off-farm income and assets Sub-Project 6: Other government risk management measures including tax, and cyclical income based stabilisers Sub-Project 7: Overall Project coordination, data collection, report summary and recommendations, and communications This RFQ is for Sub-Project 1 but respondents may submit quotes for more than one project. Sub-Project 1 requirements Applicants must include in their quotation: 1) Evidence that they have the relevant expertise to address the project topic; 2) Evidence of previous comparable project experience; 3) A statement regarding their ability to complete the project in the designated time, including relevant resourcing; 4) An outline of their strategic approach to completing the project; 5) An outline of the structure of the report; 6) A description of how they will form and maximise engagement with farmer reference groups; 7) A description of how they will source information and data for the project; and 8) A proposed budget. Sub-Project deliverables The sub-project has three deliverables: The first deliverable is to provide the NFF with a report that: PART ONE: COMMERCIAL INSURANCE MARKETS a) Investigates and describes existing farm financial risk management insurance products, including derivatives and other similar products, available in Australia and how these products work. b) Collects data on the number of Australian farmers using commercial insurance products by commodity, size of business, location and type of insurance product. c) Investigates and describes existing international farm financial risk management insurance products and related policy arrangements. d) Investigates and describes existing potential farm financial risk management insurance products that could be made available in Australia. e) Investigates and describes existing supply and demand-side barriers to the uptake of both existing and potential farm financial risk management insurance products in Australia. f) Assesses and makes recommendations on the conditions required to reduce or remove the barriers identified in the previous task (point e)), and the viability of putting those conditions in place. g) Assesses the commercial impact of the development of a viabl

FAQs

What is the purpose of this RFQ?

It seeks services to examine and report on commercial and government-subsidised farm insurance products as part of the National Farmers’ Federation On-farm Financial Risk Management Project.

What does Sub-Project 1: Insurance require the successful respondent to deliver?

It includes two report parts: analysis of existing commercial insurance markets and insurance options, plus investigation and recommendations for potential government-subsidised insurance options. It also requires convening and engaging a farmer reference group and producing coordinated, consistent recommendations.

What must applicants include in their quotation?

Applicants must provide evidence of relevant expertise, comparable project experience, ability to complete within the designated timeframe with resourcing, a strategic approach, report structure, engagement plan with farmer reference groups, information/data sourcing approach, and a proposed budget.

Sep 12, 2026

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