Honduras - producers urged to obtain agricultural insurance
According to Agriculture and Cattle Ranching Secretary, agricultural insurance is the only hope for producers against losses from weather phenomena.
Monday, November 10, 2008
The Minister of Agriculture and Cattle Ranching (MACR), Hector Hernandez, said that the National Committee for Agricultural Insurance will start operating soon. It was created with the participation of the private sector, international organisms and the government.
In Panama the sale of agricultural insurance policies up to August has seen a 47% increase compared to the same period last year.
In 2010, the company will offer extended coverage in its agricultural insurance service to include three other crops: corn, bean and sorghum.
The government will subsidize between 30% and 60% of the total cost of insurance premiums for crop losses due to bad weather.
The Guatemalan Association of Insurance Institutions (AGIS) promotes the creation of an insurance product for small farmers, subsidized by the state.
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