Insurance for coffee trees against natural calamities

Illustrative image (Source: Internet)

Various kinds of agricultural insurance designed for coffee trees in Vietnam were discussed in depth during a seminar in Buon Ma Thuot city, the Central Highlands province of Dak Lak on August 21.

The event, organised by the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), aims to strengthen risk management in the coffee sector through insurance.

IPSARD Vice Director General Tran Cong Thang put forward 14 agricultural insurance models for coffee trees, covering risks, rights, productivity, value and duration.

Participants at the event voiced their feedback on insurance service fees, premiums and risk calculation measures.

Vietnam is currently home to 671,000 hectares of coffee, making it one of the major currency earners.

Last year, the country earned 3.55 billion USD from coffee export.-VNA