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Midagri will activate catastrophic livestock insurance this year to protect small farmers

Midagri will activate catastrophic livestock insurance this year to protect small farmers

The ministry is analyzing the design of the guarantee so that the benefited producers can have compensation based on the number of cattle they have lost.

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The Ministry of Agrarian Development and Irrigation (Midagri) will activate before the end of the year catastrophic livestock insurance to protect small farmers who are affected by natural disasters, reported Marco Alonso Enciso, director of the General Directorate of Livestock Development.

“Work is already underway and we hope to have catastrophic livestock insurance by the end of this first semester, with application at the end of the year,” he said during his presentation at the Special Zero Hunger Commission of Congress.

In this sense, he stressed that for the agricultural subsector there is an insurance that covers the damage suffered by weather phenomena such as those recently registered in the north as a result of Cyclone Yaku, but the livestock subsector does not have one.

The official explained that his office is analyzing the design of this guarantee, so in such a way that the producers that are affected “can have compensation in terms of the number of heads that they have lost from the breedings that they manage.”

It should be noted that Midagri currently has the catastrophic agricultural insurance, what is 100% financed by the State to provide coverage to the poorest and most vulnerable farmers in the country. Indeed, its purpose is to support them in order to reinsert themselves in agricultural activity and to compensate for the damages caused by natural events. The compensable amount reaches S/800 per hectare.

Source: Larepublica

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