There are more and more insurance products available today. However, not everyone knows the types of insurance products, such as agricultural insurance. Have you heard of it?
As the name implies, agricultural insurance is intended for farmers to ensure the welfare of farmers in case of crop failure at any time. Some of the causes, such as rainfall that is too high, pest attacks, and soil conditions that are not suitable for farming.
There are more and more insurance products available today. However, not everyone knows the types of insurance products, such as agricultural insurance. Have you heard of it?
Agricultural Insurance Benefits
As the name implies, agricultural insurance is intended for farmers to ensure the welfare of farmers in case of crop failure at any time. Some of the causes, such as rainfall that is too high, pest attacks, and soil conditions that are not suitable for farming.
The following benefits can be obtained from agricultural insurance:
1. Crop failure protection
The name works, of course there are risks. This risk is also often experienced by farmers, namely crop failure.
With agricultural insurance, farmers' agricultural products are protected by insurance companies. In the event of crop failure, the capital to replant will be financed by insurance.
2. Compensation due to crop failure
Farmers who experience crop failure, of course, suffer huge losses. Starting from seeds, agricultural tools, and fertilizers which if calculated are quite a number.
Fortunately with agricultural insurance, losses due to crop failure will be covered by the insurance company. The cost of compensation is certainly greater than the compensation provided by local middlemen.
3. Maintaining the prosperity of farmers
Starting from providing compensation costs to capitalizing on farming activities that fail to harvest, insurance will provide these benefits if farmers have agricultural insurance.
Agricultural insurance is expected to increase the prosperity of farmers. When farmers prosper, the people also prosper because they have no trouble finding food. The price is also affordable because of the abundance of crops.
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