Midagri provides support to farmers in Junín affected by rains through Catastrophic Agrarian Insurance - Insurance News | InsuranceNewsNet

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March 6, 2024 Newswires
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Midagri provides support to farmers in Junín affected by rains through Catastrophic Agrarian Insurance

CE Noticias Financieras (Latin America)

Samuel Américo Márquez Dávila, said that the losses will be reported to the insurance company that provides the Catastrophic Agricultural Insurance coverage for subsequent evaluation in the field.President: Government takes steps to close gaps in educational infrastructure]He also said that, if the events are found to be compensable, lists of affected producers will be drawn up.
The Catastrophic Agricultural Insurance (SAC) is a social protection measure, contracted by the State for small producers that prioritizes family subsistence agriculture. It is an insurance policy financed 100% by the State, with resources from the Rural Guarantee Fund and the Agricultural Insurance Fund (Fogasa).
In the department of Junín, the sum of S/. 428,656.08 has already been indemnified, representing 538 indemnified hectares. To date, 833 producers have already received disbursements from the Banco de la Nación, which continues with an advance of 65%.
The processes of reporting, evaluation, adjustment, registration and disbursement of SAC remain in progress, where the Regional Directorate of Agriculture of Junín plays a key role in its progress.
How does Catastrophic Agricultural Insurance work?
Compensation is established in a unique manner, regardless of the type of crop or the phenological stage at the time of the damage or loss. For the 2023-2024 crop year, the indemnity amount is S/ 800 per hectare for crops prioritized by the DRA/GRA, and S/ 400 per hectare for non-prioritized crops. Maximum coverage is limited to 10 hectares per beneficiary.

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