Peru - Agricultural Catastrophe Insurance to cover 550,000 hectares due to El Niño
24.09.2015 471 views
The Agricultural Catastrophe Insurance (SAC) will protect 550,000 hectares of crops along eight Andean regions declared under state of emergency due to the upcoming presence of El Niño climate phenomenon, Peru's Minister of Agriculture Manuel Benites announced.
SAC can cover S/. 500 million (about US$156 million) in damages. The said insurance is aimed at dealing with agriculture-related emergency situations caused by diverse climate alterations, such as frosts and heavy rain.
It will protect crops of broad beans, quinoa, corn, potato and other tubers grown in regions: Apurimac, Ayacucho, Cajamarca, Cusco, Huanuco, Huancavelica, Pasco and Puno. Likewise, it will be valid during the 2016 and 2017 agriculture campaigns.
Similarly, the Minister provided details on preventive actions carried out by the Peruvian government, in order to mitigate the impact on our country.
Source - http://www.andina.com.pe
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