In January-March of 2018, the agrarian sector of Kazakhstan attracted 136 mln USD of investments, an increase of 25% compared with the same period last year, declared the Deputy Prime Minister, Minister of Agriculture of Kazakhstan, Umirzak Shukeyev on July 3. According to him, the agro-industrial complex of Kazakhstan has wide opportunities.
Planting annual forages following a primary crop or specifically for feed can provide a number of benefits, including ground cover and forage resources for livestock. One of the main risks with this production practice, especially in a non-irrigated field, is variable precipitation and soil moisture conditions.
Agricultural production in developing countries is fraught with various sources of risk. The type and severity of these risks varies by crop or farming system, agroecological conditions, and the policy and institutional settings. A seemingly ubiquitous source of agricultural risk is production risk due to weather uncertainty and variability, particularly those associated with deficient rainfall.
The 4th International Conference “Agricultural Insurance, Reinsurance and Brokerage in the CIS, Europe and Asia” took place on April 16-18, 2018 in Belgrade, Serbia. The conference was attended by more than 90 delegates from 30 countries representing more than 60 companies. Attendees came from leading global reinsurance and insurance firms, insurance brokers and consulting agencies, market regulators, and large financial institutions.
An individual who works in agriculture and is from a poor or near poor household will receive support of up to 90 per cent for agricultural insurance fees from the Government. New resolution No.58, which will be valid from June 5, 2018, moreover, says that an individual who works in agriculture and does not belong to a poor or near poor household will be covered for up to 20 per cent of agricultural insurance fees.
More than 70 delegates from 25 countries have confirmed their participation. Various aspects of agricultural insurance will be presented by nineteen guest speakers. An updated program, information about confirmed presenters and the latest list of participants are available on the event’s website. In addition to specialist presentations that will be discussed in individual sessions, delegates will have an opportunity to participate in a panel discussion on: “Modern Technology in Agricultural Insurance”.
The international conference “Agricultural Insurance, Reinsurance and Brokerage in the CIS, Europe and Asia”, which will take place on April 16-18, 2018 in Belgrade, Serbia, will discuss the technical aspects and characteristic features of drought and livestock disease insurance programs. Representatives of Munich Re and TARSIM will share their own first-hand experience in drought crop insurance.
State-run Agriculture Insurance Company of India Ltd. has paid only 30 percent of its crop insurance claims as several states are yet to pay their share of the premium under the government’s flagship scheme. The insurer had received claims worth Rs 4,602 crore as of Dec. 31, of which it paid only Rs 1,371 crore, as per disclosures on its website. It took six months to more than a year to settle nearly three-quarters of these claims.
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