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Saturday, 08 July 2023 02:36

Agricultural producers receive insurance against weather problems

Written by Evelyn Alas
Agricultural producers receive insurance against weather problems

The Ministerio de Agricultura together with the World Food Program of the United Nations, delivered to 3000 food producers, microinsurance to protect them against natural phenomena that may damage crops.

"We are supporting producers with WFP approach, to give them parametric microinsurance, which cover 3 parameters: rains, drought and earthquakes", declared authorities of the Ministry.

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Insurance coverage is for one agricultural year, and each beneficiary will receive a maximum of US$500. Depending on what affects the crops, this is how people will receive the money.

In the case of rain, 100% of the cash will be received, 50% in the case of drought and 50% in the case of damage due to earthquakes. All those who are within this program have received informative trainings given by the World Program.

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"We are very grateful for this insurance, because we have these catastrophes due to climate change, which affects all producers, especially the small ones", said one of the beneficiaries.

 

Translated by: A.M

Published in Economy
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