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Agriculture
An agricultural loss can occur if production is affected as the result of a fire, contamination, mortality, faulty growing media or a natural peril such as a drought or flood. However, these production outages don’t always result in lost sales and, as a result, can be difficult to measure.
MDD has assisted numerous clients within the agricultural sector to arrive at fair and reasonable outcomes for businesses that have suffered a loss of profit.
HIRE US
MDD has experience that spans all types of farming including dairy, crops and livestock.
Our experts have the skills to identify instances where the business may have been able to mitigate its losses by relocating surviving livestock, purchasing from alternative sources, outsourcing or relying on subsidiaries to compensate for the loss. We can also determine whether or not increasing production capacity when the agricultural business resumes its normal operations may help to minimize losses.
MDD’s experienced professionals can help you accurately assess economic damages that were incurred by agricultural operations as a result of unforeseen events. We will:
- Examine the company’s operational and financial records
- Interview key management, staff, suppliers, industry experts and customers
- Analyze industry data to determine the effect on profits
- Evaluate the company’s projected performance to its actual performance before, during and after the impacted period
- Perform market and competitor analyses
- Examine non-loss-related events and conditions that may have impacted actual sales during the impacted period
- Determine whether any aspects of the business can mitigate some of the loss
- Calculate damages solely attributable to the incident
- Provide expert reports and witness testimony if necessary
Finally, we provide clients with regular updates and accurate, objective reports that are not only comprehensive but easy to understand.
Experience
Experience
Contact one of our experts below or filter experience based on region.
ARTICLES
RELEVANT ARTICLES
Our experts are extremely knowledgeable about thier subject areas and often write educational material and commentary on topical issues they come across.
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Lost Profits Measurement in the Cannabis Industry
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Business Interruption Losses Involving Dairy Farms
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Agricultural Loss – Quantifying Economic Damage for a Hog Farm
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Training Opportunities
TRAINING
At MDD, we offer a variety of free-of-charge training opportunities for our clients to give them a better understanding of how policy wording is applied in the real world and some of the common quantification issues we come across.
This training will focus on:
- An overview of the cannabis production process, key industry factors and common quantification issues
- Explaining what overspray is and how it happens
- Considering the basic steps of calculating dairy farm losses and exploring the factors that can complicate the process
- Explaining some of the nuances of chicken farming as it relates to both egg and meat production
Training may vary from region to region. Contact us here to discuss your training needs.
