Armenia is at the dawn of a new era. The country has recently introduced agricultural insurance to protect poor small farmers against weather and climate risks, thereby helping to make them economically more successful. Farmers in six regions can now take out insurance policies to protect them from hail, frost and fire. More will follow.
On July 17, 2018, the Minister of Agriculture of Armenia, Arthur Khachatryan, held a meeting with the head of EU delegation to Armenia, Petr Svitalski. During the meeting the Minister said that in the coming years government assistance for small farmers to be increased. The mechanisms for subsidizing agricultural production have been already developed.
Armenian farmers cannot afford to install anti-hail grids, Sarkis Sedrakyan, the head of Farmer Heritage NGO, told reporters. He said the cost of installing anti hail grids one a hectare of land is about $25,000. " Who of local farmers will spend as much in the present-day Armenia? "Sedrakyan asked.
Water shortage is thought to be a major problem to Armenia’s agriculture this year, Hrach Berberyan, the head of Armenian Farmers Association, told. Winter was dry this year, he said, and there is scant water in water reservoirs. Hydro power plants are working to their full capacity consuming large water reserves.
The Armenian government announced on Tuesday plans to start gradually introducing next year a national system of agricultural insurance increasingly seen as a vital necessity for struggling farmers across the country. Thousands of low-income villagers lose their crops each year due to hailstorms, droughts and other natural disasters. They receive little compensation from the cash-strapped government.
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.
Armenia will introduce an agriculture insurance system, Armen Harutyunyan, Armenian deputy agriculture minister, told journalists on Friday. In his words, the methodology of the system introduction has already been discussed and developed with support from the Central Bank of Armenia. “Now necessary financial assessment is being carried out and various instruments are being developed with taking into account international experience,” he said.
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