Thailand: BAAC announces insurance for beef and dairy cattle to reduce the risk of lumpy skin disease

Published 2021년 6월 22일

Tridge summary

The Bank for Agriculture and Agricultural Cooperatives (BAAC) in Thailand has introduced insurance programs to financially protect cattle farmers from losses due to Lumpyskin disease, an emerging disease affecting cattle and buffaloes in the country. The Dairy Cattle Insurance Program and the Beef Cattle Insurance Program offer coverage for death due to illness or accidents, as well as damages from natural disasters, up to a certain amount. The dairy insurance requires the cow to have a health certificate and is valid for a year, while the beef cattle insurance is valid for six months or until the middle stall is sold. Farmers interested in these insurance plans can apply at any BAAC branch.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

21 June 2021 Mr. Thanarat Ngamwalairat, Manager of Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed that from the epidemic situation of Lumpyskin disease in cattle and buffaloes. which is an emerging disease in Thailand for the first time The outbreak has been found in more than 62 provinces. Therefore, in order to prevent risks and create financial immunity for cattle farmers, BAAC has arranged insurance through the Dairy Cattle Insurance Program and the Beef Cattle Insurance Program. to help mitigate the damage of cattle farmers due to the death of sick cattle or accidents to be able to support themselves and have enough capital to start over The dairy insurance project There is South East Insurance Public Company Limited as the insurer. The insurance premium rate is 810 baht per person (including VAT and duty), which provides protection. Death from illness of dairy cows not more than 30,000 baht per cow, accidental deaths not more than 30,000 baht per cow and ...

Source: Pasusart