In the Volgograd region of Russia, more than 70% of frost-damaged crops were insured

Published May 29, 2024

Tridge summary

A state of emergency has been declared in the Volgograd region due to significant damage to over 5% of its 2024 planned agricultural crops from May frosts. Affecting more than 190 thousand hectares, the frosts have led to substantial losses, with some areas experiencing up to a third loss of winter crops. However, a bright spot is that the majority of these crops were insured under various programs, allowing farmers to receive compensation. The Volgograd region, a key agricultural hub, contributes 12.2% to the regional GRP and employs 140 thousand people, with a significant investment in the agro-industrial sector over the past nine years.

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Original content

The introduced state of emergency will allow farmers to receive insurance payments. Owners of more than 70% of agricultural crop areas affected by the May frosts will be able to receive insurance payments. Chairman of the regional agriculture committee Marina Morozova reported this to TASS. “More than 70% of these areas are insured. The introduced regional emergency regime will allow farmers to receive insurance payments,” says the response to a TASS request signed by Morozova. She clarified that in general, farmers of the Volgograd region insured winter crops on a total area of 614.5 thousand hectares, including under the Multirisk program - 195.6 thousand hectares and under the 4C program - 418.6 thousand. ha. Earlier, the department reported that about 190 thousand hectares of agricultural crops in the Volgograd region, which is 5% of all sown areas planned for 2024, were damaged due to May frosts. A state of emergency (emergency situation) was introduced in the Volgograd ...

Source: Zol