Insurances for Small Guatemalan Farmers
The Guatemalan Association of Insurance Institutions (AGIS) promotes the creation of an insurance product for small farmers, subsidized by the state.
Tuesday, February 17, 2009
Mario Mendizábal, director of AGIS, explained to Prensalibre.com, "The idea is to support small farmers, who do not have access to other types of agricultural insurance but suffer serious losses due to the effects of climate or natural disasters.
In Panama the sale of agricultural insurance policies up to August has seen a 47% increase compared to the same period last year.
Agricultural insurance coverage in the Americas maintained positive growth in those countries that have launched a public-private model and where agriculture represents a fundamental part of the economy.
In 2010, the company will offer extended coverage in its agricultural insurance service to include three other crops: corn, bean and sorghum.
According to Agriculture and Cattle Ranching Secretary, agricultural insurance is the only hope for producers against losses from weather phenomena.
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