In Africa, 1,145 natural disasters including droughts, extreme temperatures, floods, storms, wildfire, earthquakes (including tsunamis), mass movements, volcanic activity and land- slides occurred during 1995 and 2015 with 308 million people affected and damages of US$ 17 billion. The most frequent type of disaster was floods (64%) followed by storms (14%) and droughts (13%). However, droughts accounted for 80% of the affected people. The total damage was US$ 17 billion.
A new federal crop insurance program may help Wisconsin dairy farmers protect against low milk prices. The American Farm Bureau Federation and its insurance company recently announced the Dairy Revenue Protection program. The program, which will be available starting in October, allows farmers to set a guaranteed revenue they want to make on a certain amount of milk.
A new insurance plan for dairy producers is available that insures against unexpected declines in quarterly milk sales. The new plan, called Dairy Revenue Protection, provides insurance for the difference between the final revenue guarantee and actual milk revenue if prices fall. t also provides a greater choice of prices, from those that focus on cheese to fresh milk, protein or butterfat. Coverage levels are available from 70% to 95% of revenue. Dairy Revenue Protection is available in all counties in all 50 states.
Rural insurance started in Brazil in 1954 when the National Agrarian Insurance Company was founded. At the same year the Agrarian Insurance Stabilization Fund was established to provide financial assistance to farmers. This fund was reorganized into Rural Insurance Stabilization Fund in 1966. With the purpose of strengthening the farmers’ access to finance the government launched Rural Activities Guaranty Program in 1973. This presentation was made at the International Conference on Risk and crisis managements in agricultural insurance conducted on March 15-17, 2010 in Madrid, Spain.
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