Serbia – Farmer loan and agricultural production security became a one bundled product

29.02.2016 97 views
Banca Intesa in cooperation with Generali Insurance Serbia and KfW Development Bank of Germany has developed Agroprotect loan, a unique product to finance agricultural production and crop insurance policy development. Agroprotect loan is designed to finance working capital and raw materials for agricultural crops production - wheat, barley, corn, sugar beet, sunflower and soya, and includes crop insurance product that provides a safety net for basic perils - hail, fire and lightning. The loan is intended for individuals, legal entities and entrepreneurs who are engaged in farming and are registered in Vojvodina. "This innovative product that we have developed in cooperation with our long-term partners is a confirmation of the strategic orientation of Banca Intesa to support agriculture sector as the key driver of overall economic development, as well as our commitment to strengthen relationships with customers in the field of agriculture ", said Darko Popovic, Member of Executive Board at Banca Intesa Beograd. According to him, Agroprotect loan will allow farmers to get necessary funds and insurance coverage of potential perils in one product at no additional charge, which will enable them to provide raw materials of their choice at competitive prices and insure their crops regardless of weather conditions and natural disasters. Policy is an additional guarantee that their investment will be returned. Agroprotect loan is available in Euro and Serbian dinars, approved in the amount from 1000 to 100,000 EUR at a fixed interest rate and repayment period to 12 months. Loans provided in euro currency are available at interest rate of 6.5 percent annually, while dinar loans are provided with an annual interest rate of 9.9 percent. The loan is tailored to specific needs of farmers and can be returned on monthly, quarterly, six-month basis, or one-time with total repayment. "By developing this unique product, Banca Intesa provides to its customers protection of their investments, since farmers nowadays frequently experience unforeseen losses due to unfavourable weather conditions. For years we have been closely working with farmers and we know what challenges and risks they face every day, " said Branko Novakovic, Director of External Sales and Bancassurance at Generali Insurance Serbia. Strategic direction of Generali Insurance Serbia is to provide the best possible support to farmers through new products and safety net development. The loan has been developed in the context of credit line in the amount of eight million EUR according to the agreement signed between Banca Intesa and KfW Development Bank in December 2015. "As one of the most important goal of KfW Development Bank in Serbia to strengthen its financial sector, it is our pleasure to be a part of the project which expands possibilities for agricultural sector financing. KfW Bank in previous years through several innovative projects developed new products in the sectors of energy efficiency, environmental protection and agriculture, and reached more than 500 million euros of subsidized loans. The product that we present today is an integral part of the German-Serbian initiative for sustainable growth and employment, and represents the beginning of the program that will increase access to loans for companies that have had difficulties in obtaining them in the past." said Mr. Arne (Arne Gooss), Director of KfW Development Bank office in Belgrade. Source - agroinsurance.com
28.03.2024

Canada - How Sask.'s new budget does and doesn't address climate change

The world is facing record heat from human-caused climate change brought on by carbon dioxide and methane emissions, but the words "climate change" don't appear once in Saskatchewan's newly released 75-page 2024-25 budget.

28.03.2024

Kenya - How crop insurance is transforming agriculture

Kenyan farmers continue to face challenges due to unpredictable weather conditions. As a result, they are turning to insurance coverage for their crops and livestock. Insurance experts have reported that most farmers who are insuring their crops are smallholders who rely on rain-fed agriculture and use low-technology farming methods.

28.03.2024

USA - How spring temperature fluctuations, early blooms are impacting Centre County fruit farmers

Plenty of people in Centre County got outside to enjoy temperatures in the 60s and 70s earlier this month, but spring weather fluctuations continue to cause concern for local fruit farmers.

28.03.2024

USA - Farmers use helicopters to warm crops amid spring freezes

An early spring this year means more work for farmers as early blooms face freezing temperatures. Les Dozier's Sta-N-Step Farms has served Northwest Arkansas since 1989. His farm is one of many facing freezing temperatures that could ruin crops.

28.03.2024

Ireland - Potato will be scarce by June, farmers praying for rain to stop

Farmers have to "watch, hope and pray" for a "sweet spot" of dry weather in the coming weeks or many will have to debate whether to plant at all this year. As continuous rainfall adds to already saturated ground, many big and small potato farmers are warning that the Irish favourite variety of Rooster may be in scarce supply by June.

28.03.2024

USA - Several metro Atlanta counties declared natural disaster zones after severe drought

More than 30 Georgia counties — including 10 in metro Atlanta — have been designated “primary natural disaster areas” by the United States Department of Agriculture, the agency announced Thursday.

27.03.2024

Turkey - Climate change may affect grape cultivation

A recent study has highlighted the impact of the climate crisis on viticulture in Turkey, predicting that the expected rise in temperatures and reduced rainfall could shift the suitability of vineyard regions for grape production over the next three decades.

27.03.2024

Crop crisis reveals El Niño’s toll on Southern Africa

New findings from the El Niño-Southern Oscillation (Enso) reference group highlight the significant impact of the 2023/24 El Niño event on various aspects of climate and agriculture in Southern Africa.

istanbul escort şişli escort tbilisi escort şişli escort şişli escort maslak escort istanbul escort beşiktaş escort taksim escort izmir escort ümraniye escort mecidiyeköy escort şişli escort taksim escort ümraniye escort kartal escort şirinevler escort maltepe escort istanbul escort ümraniye escort kadıköy escort vip escort mersin escort istanbul escorts ataköy escort avcılar escort beylikdüzü escort okmeydanı escort şişli escort tuzla escort işitme cihazı sex shop sex shop sex shop sex shop sex shop sex shop sex shop sex shop