There is no fee to complete the Income Assessment.
In previous years a one-off fee was charged for the first year of protection. Subsequent years for returning growers, the Income Assessment was done at no charge to the grower. In 2020 Aussie Farmers Mutual have made operational changes that have allowed the assessment fee for new clients and returning clients to be completed at no direct cost to the grower. Agri-Analytics will still do this calculation to maintain the independence of the assessment. The procedures and the outcomes from the assessment will remain the same.
New Clients can now complete their assessment with no charge to them.
Agri-Analytics are a Brisbane based special purpose data collection and analysis agency focused on agribusiness.
We are the exclusive provider to Aussie Farmers Mutual of their farm income analysis for the pre-underwriting assessment of their clients. We provide an independent, accurate analysis of grower income over a six-year period based on farm production information provided by the grower and their audited financial accounts.
Aussie Farmers Mutual have engaged Agri-Analytics to collect your data and provide independent analysis for your Income Assessment.
Agri-Analytics are the exclusive provider to Aussie Farmers Mutual of their farm income analysis for the pre-underwriting assessment of their clients. We provide an independent, accurate analysis of grower income over a six-year period based on production information provided by the grower and their audited financial accounts.
We will ask you to provide production information for your farm for the last six production years (2020 to 2015) and financials for the past five complete financial years (2020 to 2016).
You will also need to provide contact and trading name details for your farm and some contact details for your accountant.
- Total arable hectares
- Total hectares sown for each crop
- Total number of fallowed hectares (if any)
- Harvest details (yield / tonnes harvested)
- Details of any grain kept or used for feed / seed
- Details of any share farmed grain not sold through your NGR
- Financial Statements (audited financial accounts)
- Tax Returns
- Cashbooks (general ledgers)
Plus your 2021 financial year-to-date cashbooks (1 July 2020 to current date).
Your financials can be provided be uploaded by you to our online application or you can choose to provide signed authorisation allowing Agri-Analytics to collect these from your accountant on your behalf.
All the information that you and your accountant provide is securely uploaded to our online portal. The information is only accessible by authorised Agri-Analytics staff. Once we have completed our analysis of your data for the Latevo Income Assessment the information is shared with the team at Aussie Farmers Mutual. This is through a secure, cloud-based storage platform.
Agri-Analytics do not retain copies of your financial records and do not email financial records, unless you request us to do so in writing.
For more information please refer to our Data Security Policy.
Yes. The last possible date we can receive your data is 1 July 2020. If you have not submitted your data by this date we will not be able to complete your Latevo Income Assessment and you will not be eligible for any category upgrades from Latevo Farmers Mutual.
Agri-Analytics do not currently provide reports to growers when we have completed our data analysis. The completed analysis files are provided to Aussie Farmers Mutual as part of their underwriting for Aussie Farmers Mutual Farm Income Protection.
Aussie Farmers Mutual will provide bench marking reports at the close of each cropping season.
No, you do not have to complete the worksheets or provide them to Agri-Analytics. The worksheets are there as a guide for you to gather all the information you’ll need to complete our online form.
We strongly recommend that you complete the worksheets relevant to you as it will make completing our online form that much easier. Six years of production data is a lot of information to provide and the worksheets are designed to help you gather that information.
When you submit your application we review the information to confirm you have provided everything we need and then begin our analysis for your Income Assessment. If we need to seek any clarification on any of the data provided we will contact you by email.
Once our analysis is completed this will be passed on to the team at Aussie Farmers Mutual.
Please be aware that once we have handed over your completed income assessment to Aussie Farmers Mutual it will be considered locked in and no further review will be entered into. This includes but is not limited to any information you or your accountant failed to provide at the time you completed your application and any fluctuation in market values for grain you harvested/stored.
Once you submit the application you will not be able to log back into our forms to make any changes. We strongly recommend that before you submit your application you take the time to check everything. Once an application has been submitted by you or your accountant we lock it down to ensure the integrity of the data that has been provided.
If you do believe you forgot to include some important information when you submitted your application, please contact us as soon as possible via email at email@example.com and we will try to work with you to find a solution to receive the information securely.
As we conduct our analysis if we find anything that needs to be clarified we will contact you via email. Our analysis is usually completed within one week of receiving your submitted application, at which time we will hand your completed file over to Aussie Farmers Mutual.
It is important to note that once we have handed over your completed income assessment to Aussie Farmers Mutual it will be considered locked in and no further review will be entered into. This includes but is not limited to any information you or your accountant failed to provide at the time you completed your application and any fluctuation in market values for grain you harvested/stored.
Agri-Analytics contact your accountant for your financial documentation. We seek your permission to do this through our Authority to Release Financial Information which we ask you to complete as part of our online application.
To ensure the security of your financial data we ask your accountant to upload it into our secure portal. This is only accessible through a login and password that we provide to your accountant. We do not accept any files by mail or email.
The documents we ask for are your Financial Statements, Tax Returns and Cashbooks (general ledgers). You can also choose to provide these documents yourself.