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.

More on this topic

Increase in Sales of Agricultural Insurance

September 2012

In Panama the sale of agricultural insurance policies up to August has seen a 47% increase compared to the same period last year.

Inclement weather has encouraged the agricultural sector to take up these types of policies. A total of 1,442 producers have insured 25,175 hectares of crops and about 405 have insured about 8472 head of cattle.

Lafise Extends Coverage of Agricultural Insurance in Nicaragua

April 2010

In 2010, the company will offer extended coverage in its agricultural insurance service to include three other crops: corn, bean and sorghum.

Claudo Taboada, head of Lafise Insurance, explained that the new crops will be included in the second half of the year. Currently, the service covers only peanut and rice.

Costa Rica Subsidizes Crop Insurance

May 2009

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

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."

Insurances for Small Guatemalan Farmers

February 2009

The Guatemalan Association of Insurance Institutions (AGIS) promotes the creation of an insurance product for small farmers, subsidized by the state.

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.

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