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.
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.
AgroInsurance International is happy to announce new dates and place of the 4th International Conference “Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia”. The next venue will be held on April 16-18, 2018 in Belgrade, Serbia, at the Hyatt Regency Hotel. Conference ‘early bird’ registration starts on November 13, 2017.
About $5 million will have been invested in agricultural insurance in the next three years, agriculture minister Ignaty Arakelyan said today during a parliamentary discussion of the 2018 draft budget. He said 885 million drams will be invested in a pilot agricultural insurance project to be launched next year, saying also that the ministry is confident that the results of the pilot program will allow it to understand exactly how to introduce this system across Armenia.
Armenia’s agriculture ministry has embarked on ambitious reforms with an unpredictable multiplicative effect, Karen Karapetyan, Armenian prime minister, said Thursday at a regular Cabinet meeting, where the Cabinet ministers upheld the concept of lessening damage from natural disasters through enhancing agriculture sector’s resistance to such disasters, cushioning their strikes and introducing early warning mechanisms.
Effects of climate change such as drought and flooding on agriculture, coupled with crop diseases, have continued to ravage crops in recent years, causing losses on farmers' investments. For instance, in Eastern Province districts of Kayonza and Nyagatare, some of the farmers did not get any harvest over the last two planting seasons because of prolonged drought. These issues of concern in agriculture sector have necessitated the urgent need for agriculture insurance, at least for farmers to get some compensation for crop damages.
Crop insurance policies fall under two primary categories: crop hail insurance and multi-peril crop insurance. Crop hail insurance is limited to losses due to fire and/or hail. Multi-peril crop insurance (MPCI) provides extensive coverage for losses from weather to pests and even loss of revenue. In many cases, multi-peril policies are subsidized and backed by a federal reinsurance program.
New dates and place of the International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia" were set for October 6-8, 2014 in Istanbul, Turkey. Conference `Standard registration’ fee option has been launched on August 1, 2014. Conference Agenda will keep most of the topics planned earlier, as well, as it will be added with new speakers and topics. Quite a number of reinsurance and insurance industry representatives, brokers and insurance consultants from USA, Canada and Eurasia territories will participate in this event.
Agriculture is an inherently risky business. It is subject to a number of random price, climatic, biological, and geological shocks that require coping strategies and financial management instruments to deal with the implications. Traditional risk management strategies and ex post government provided emergency relief have often not proven to be sufficiently effective and robust in preventing serious economic loss or permitting a speedy recovery.
News Publications Documents
Agricultural insurance Analitics Australia Canada Canada crop crop insurance crop loss crop losses damage disease drought farmers flood frost Hail India losses News Philippines rain Russia Spain Ukraine USA USA АЧС Болезни Господдержка Европа Казахстан животноводство заморозки засуха кукуруза метеообзор озимые потеря урожая пшеница свиноводство состояние посевов соя страхование посевов субсидии урожай