Poland: Government will allocate more funds to insurance subsidies

Published 2021년 10월 7일

Tridge summary

The Polish government has announced an additional allocation of PLN 500 million for agricultural insurance subsidies, bringing the total for 2021 to PLN 900 million. This decision, advocated by Agricultural Chambers including the Greater Poland Chamber, aims to offset the increased cost of crop insurance due to unchanged maximum rates for individual crops and animals over the years. Farmers who have received direct payments are required to maintain crop insurance against certain risks, and the subsidies are triggered if at least half of the crop area is covered for 12 months.

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Original content

After many interventions of Agricultural Chambers, including the Greater Poland Chamber of Agriculture, the government decided to allocate additional funds for subsidies to agricultural insurance - i.e. PLN 500 million. Thus, these funds in 2021 will amount to PLN 900 million - assured the Ministry of Agriculture in response from September. How to get insurance subsidies? WIR reminds that pursuant to Art. 10c of the Crop Insurance Act, a farmer who has obtained direct payments under the direct support scheme is obliged to conclude a compulsory crop insurance contract against the risk of damage caused by flood, drought, hail, negative effects of winter or spring frost. The provisions further indicate that the insurance obligation is deemed to be fulfilled if, from July of the year following the year for which the farmer obtained direct payments, at least 50% of the crop area against at least one of the above-mentioned risks is covered by insurance during a period of 12 months. ...

Source: SwiatRolnika