Krasnodar, 14 June – Yug Times. Kornei Bizhdov, president of the National Union of Agrarian Insurers, explains why Kuban farmers should bear in mind possible risks and what is the role of the region’s executive power in the system of agricultural insurance.
“In 2018, Krasnodar province was Russia’s third top region on the volumes of insurance of agricultural risks. Out of the 237.5 million roubles Kuban farmers paid as premium, 233 million roubles were paid independently, without governmental support.
“Over the past five years, Krasnodar province has traditionally ranked in the top five regional markets of insurance of agricultural risks. At the same time, the bigger a cattle or a vegetable farm is, the bigger loss it may suffer. Every year, our farmers bear great losses due to dangerous natural phenomena.
“In 2019, after a string of cataclysms, the regional Ministry of Agriculture decided to restore the system of governmental support of agricultural insurance. The region plans to allocate nearly 340 million roubles in subsidies from the federal and regional budget for these aims. The list of subsidised insurances will for the first time contain such items as agricultural animals.
“On the whole, since the enactment of the bill on governmental support of agricultural insurance, more than 3 billion roubles have been paid to local farmers, of which 1.7 billion roubles – under policies with governmental support. The risks in question were “atmospheric drought” (53%), “spring frosts” (21%) and “hot winds” (18%).
“Governmental support of agriculture lets farmers insure not only their harvests but also perennial plantations.