Spain - Insured agricultural production grows 80% in recent years

14.07.2023 701 views

Last year the largest compensations were for the kiwi.

Some greenhouses blew up last winter because of what the farmer Aquilino Fernández defines as a hurricane. Thanks to his insurance policy, he was able to collect compensation for both the harvest and material damage. He says that nowadays there are no seasons and you have to be prepared.

In Asturias, in the last five years, insured agricultural production has grown by almost 80%. According to the manager of these insurances, Agroseguro, insuring or not is a business decision that pays off when the investment at risk is high. The policies become cheaper thanks to the fact that they are subsidized up to 50% by the administration. This is stated by José Bernardo, delegate in the northwest of Agroseguro.

Almost 90% of the insured production in Asturias is fodder crops. It treats of maize destined to fodder, very sensitive to the droughts. Vegetables and fruits that require greenhouses, kiwis and apple trees are also insured. Last year the largest compensations were for the kiwi.

Source - https://www.rtpa.es

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