Costa Rica Subsidizes Crop Insurance

The government will subsidize between 30% and 60% of the total cost of insurance premiums for crop losses due to bad weather.

Wednesday, May 6, 2009

Rice, beans, corn, potatoes, onions, bananas and tropical roots (cassava, cocoyam, yam and taro) are the crops that will benefit.

Agriculture Minister Javier Flores informed Nacion.com: "We are already working with the INS, the Treasury Department and international agencies on a parametric insurance system based on historical rainfall rates and weather conditions. These premiums would be much more accessible for producers."

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