In 2014 the figure was £37.8 million, down from £44.5 million in 2013.
The most common crimes were vehicle theft, burglary and livestock theft with fuel, tools and quad bikes the most commonly taken items. Livestock theft remains an issue, following a number of high value claims over the past 12 months.
Equine crime claims have increased by 25% since 2013.
The survey also reveals that thieves are becoming more sophisticated and cybercrime is a growing concern for 63% of respondents. In response, rural communities are now more aware of crime and are looking to use crime prevention measures such as alarms and CCTV systems as well as Trackers to reduce crime.
While the NFU and NFU Mutual are working with police forces across the country to try and reduce agricultural crime, the message is still to remain vigilant and seek to reduce the opportunity for crime when you can.
Criminals will look to steal anything valuable on farm.
NFU senior planning and rural affairs adviser Suzanne Clear said: “We appreciate the overall claim totals have reduced this year, but remain concerned that livestock crime remains a major issue and rural crime overall needs to be a priority for police funding.
“Cybercrime, including fraud is also a growing concern and we would ask members to remain vigilant about anyone contacting them by phone or email and asking them for personal bank details.”