What other crops can be insured in Kazakhstan?

Published Mar 7, 2023

Tridge summary

The Agrarian Credit Corporation (ACC) of Kazakhstan has launched crop insurance for the 2023 season, covering a variety of crops against drought and rain. The website Kezekte.kz is the platform for applying for these reduced-cost insurance contracts, which are 80% subsidized by the state. The insurance period varies depending on the type of soil moisture deficit index and excess moisture in the soil. The ACC has also updated the tariffs for index insurance products. In the event of an insured event, farmers can receive up to 33% of the insured value as insurance payment.

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Original content

The official website of the Agrarian Credit Corporation (ACC) announces the start of crop insurance against drought and rain, which is conducted on the website Kezekte.kz. As noted, the cost of an insurance contract this year is reduced by 80% due to state subsidies. According to the information, this season, in addition to cereals - wheat, barley, oats, corn; oilseeds - sunflower, rapeseed, flax; The list of crops subject to insurance includes: - buckwheat, - millet, - grain sorghum, - spring triticale, - spring rye, - peas, - chickpeas, - lentils, - soybeans - spring camelina, - safflower, - mustard. At the same time, the ACC recalls that insurance contracts against soil moisture deficiency must be concluded for grains - before April 1, and for oilseeds - before April 15. Insurance coverage period: according to the soil moisture deficit index (2 phases) - from June 15 to September 15, according to the soil moisture deficit index (3 phases) - from May 15 to September 14, 2023. ...

Source: Agrosektor