According to data on the agricultural acreage affected by the dry weather, provided by Agroseguros, it is estimated that the total figure will rise to more than 980,000 hectares. To date, 643,000 hectares have been damaged, with Castile-Leon and Castile-La Mancha as the most affected autonomous regions, with 376,000 and 109,000 hectares damaged, respectively.
Prime Minister Nguyen Xuan Phuc has issued a decision on the implementation of agricultural insurance policy. Under Decision No. 22/2019/QD-TTg dated June 26, 2019, such plants, animals and aquaculture products like rice, cow, buffalo, black tiger shrimp and while-leg shrimp will receive support of agricultural insurance fees.
In connection with the development of the insurance sector, a number of measures are being taken, and among them are development of agricultural insurance and the creation of a mechanism of agricultural insurance. In this regard, a model has already been defined, and the work of the Authority has been accelerated.
At least 12,000 farmers have been paid Sh100 million for maize crop failure last season in an insurance project the government is banking on to achieve food security. Head of crop insurance at the Agriculture ministry Jacinta Ngwiri said the farmers are from 20 counties with Meru, Uasin Gishu, Bungoma, Kilifi, Nakuru and Narok registering the highest population of farmers.
As maize farmers around the country survey their crops for the 2018/2019 season, many are battling with tight margins that have prompted cutbacks on insurance in recent years. Santam has seen a decrease in gross written premiums received for crop insurance, with the figure moving down to R729 million in the year to December 2018 from R829 million in 2017.
The Saskatchewan crop insurance deadline for seeding crops to greenfeed has been extended to July 15 from the former deadline of June 30, the government announced today. Dry conditions across much of the province prompted the provincial and federal governments to today announce several measures designed to help farmers and ranchers cope.
Unique crop insurance has been launched so farmers can protect themselves against poor yields triggered by extreme weather. It will automatically trigger pay-outs to farmers if extreme weather causes yields in their region to fall below the historic average. The policy is Britain’s first ever to insure shortfalls in cereal and oilseed rape crops.
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