Crop insurance volumes grow in Tatarstan

19 July 2019, Friday

On July 18, the Deputy Minister of Agriculture and Food of the Republic of Tatarstan Ildus Gabdrakhmanov took part in the meeting in the form of a video conference chaired by the Deputy Minister of Agriculture of the Russian Federation Elena Fastova on the current situation in agricultural insurance with state support. The event was also attended by regional representatives of insurance companies that provide insurance in the republic with state support.

As noted by Elena Fastova, there was a significant increase in crop insurance compared to the two previous years. For example, in the Republic of Tatarstan last year 95 thousand hectares of spring and winter sowing area were insured, and this year it has already reached 180 thousand hectares.

 

The positive dynamics of the development of agricultural insurance is directly related to the introduction of additional financing of insurance contracts through the means of “untied support”.

Agricultural insurance is a real opportunity for agricultural producers to conduct stable activities, to forecast incomes in advance, without fear of adverse weather conditions, which is especially important for risky farming regions, including the republic. According to the amendments to the law “On state support in the field of agricultural insurance and amending the federal law“ , which came into force on March 1, the concept of crop loss and perennial plantings was excluded from the system of agricultural insurance, the list of risks has been expanded.

Earlier, in April of the current year, representatives of insurance companies made statements on agricultural insurance programs in accordance with the new rules, noting that the insured crop can be a subject of security (collateral) when farmers take various loans. According to the proposals of insurance companies, crop insurance will cost farmers from 27 rubles per hectare of sown area, and these costs can be attributed to the cost of production. In addition, there are government support measures, under which farmers can receive a reimbursement of up to 95% of the cost of paying insurance premiums.

Consult on issues of state support in the field of agricultural insurance in the Ministry of Agriculture and Food of the Republic of Tatarstan by phone: (843) 221-76-38, 221-76-88.

More information about the proposals of insurance companies and measures of state support for agricultural insurance can be found on the official website of the Ministry of Agriculture and Food of the Republic of Tatarstan in the Resources section for sowing season 2019. Other useful information for agricultural producers is also collected here.

 

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