The move was introduced even though NFU Mutual’s latest reports indicate a 14 percent increase in the number of stolen tractors since 2008.
Thus, farmers who fit a Tracker unit receive better protection from loss and cut daily costs. Those who also mark their machines and plant with CESAR database registration along with fitting a Tracker stolen vehicle recovery (SVR) unit, will receive an additional 12.5 percent discount, thus reaching a total saving of 25 percent.
"The total income from farming in the UK is £4.07 billion, making the agricultural industry a vital part of the UK’s economy, especially for thousands of families who live in rural areas,” said Stuart Chapman, Police Liaison Officer from TRACKER. “For the farming community, the loss of vital specialist equipment can cause significant delays in harvesting and delivering fresh produce, which can be extremely costly for all concerned.”
It is estimated that theft costed the British farming industry GBP49.7 million last year, with figures provided by Tracker revealing that the company has received over GBP15 million worth of machinery and equipment over the last five years.
“However, our figures show that a staggering 68% of all plant we recover is done so within 24 hours of the SVR unit being activated and 10% of those are recovered within just one hour. This is good news for farmers who have SVR units installed, however many are still leaving themselves vulnerable to theft,” Chapman added.