Agricultural insurance protects farmers against crop, livestock losses

Prime Minister Nguyen Xuan Phuc has issued a decision on the implementation of agricultural insurance policy.
Agricultural insurance protects farmers against crop, livestock losses ảnh 1Black tiger shrimp and while-leg shrimp will receive support of agricultural insurance fees. (Photo: VNA) 

Hanoi (VNA)
– Prime Minister Nguyen Xuan Phuc has issued a decision on theimplementation of agricultural insurance policy.

UnderDecision No. 22/2019/QD-TTg dated June 26, 2019, such plants, animals andaquaculture products like rice, cow, buffalo, black tiger shrimp and while-legshrimp will receive support of agricultural insurance fees.

Individualswho work in agriculture and belong to poor households, and near-poor householdsin line with Decision No. 59/2015/QD-TTG dated November 19, 2015 will be coveredup to 90 percent of agricultural insurance premiums.

Thosewho do not belong to poor or near poor households will be assisted with 20percent of the fees.  

An agricultural organisation may be supportedwith 20 percent of the premiums if it is established in accordance with the Lawon Enterprises or the Law on Cooperatives, and fulfils other requirementsregarding connectivity in agricultural production and consumption, and foodquality and safety.

The decision also lists cities and provinceswhich enjoy the assistance policy, which lasts from June 26, 2019 when the document took effect, till December31, 2020.-VNA
VNA

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