Mika
VIP Contributor
These days, insurance can cover almost anything, including your farm produce, you can insure your crop as well as cattle or any other farm animal. Before I divulge what is agriculture insurance, I will explain why you need agriculture insurance.
You invested $1000 to farm watermelon but there was a massive flood and all of your watermelon plants were destroyed. If you had insured your crop, you could have get converge for your investment.
You have a chicken coup but due to some unknown disease, all of your chickens died. Insurance would help you recover your loss.
Agriculture insurance is an insurance policy that will cover the loss and damages in the agriculture sector. In order to get agriculture insurance first of all the potential value of your crop or cattle is determined and you have to pay the premium for the potential value.
You invested $1000 to farm watermelon but there was a massive flood and all of your watermelon plants were destroyed. If you had insured your crop, you could have get converge for your investment.
You have a chicken coup but due to some unknown disease, all of your chickens died. Insurance would help you recover your loss.
Agriculture insurance is an insurance policy that will cover the loss and damages in the agriculture sector. In order to get agriculture insurance first of all the potential value of your crop or cattle is determined and you have to pay the premium for the potential value.