Rwanda: Farmers call for the review of crop insurance scheme

Published 2022년 3월 3일

Tridge summary

Rwanda's National Agriculture Insurance Scheme, launched in 2019 and subsidized at 40% by the government, aims to protect farmers from losses due to disasters. However, farmers are calling for a review of the current crop insurance policy, which only covers investments like seeds and fertilisers, to include expected farm output. They argue that this will help farmers recover not only their investments but also the lost yield and meet loan and interest obligations. The Ministry of Agriculture and Animal Resources is open to adjustments to meet farmers' needs, while the scheme has already unlocked Rwf2 billion in agriculture credits and paid over Rwf672 million in claims since its inception.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Farmers have argued that the current crop insurance policy which only covers investments such as for seeds and fertilisers, is not enough, calling for its review so that it also extends to expected farm output - based on the production trend of a given crop per hectare. Rwanda launched the National Agriculture Insurance Scheme in April 2019, a move that was considered by stakeholders as a milestone for the country's agriculture sector as it aims to cushion farmers against losses stemming from disasters such as floods or drought. The scheme, which is subsidised at 40 per cent by the Government, is also intended to enable farmers to easily access funding from financial institutions and ensure the flow of credit to the agricultural sector. Unlike livestock insurance which covers the entire value of the cow and pays a farmer all the money their cow is worth in case of death from disease or unpredictable natural disasters, crop insurance covers the investment alone. In February 2020, ...
Source: All Africa

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