Types of Public Support for Agricultural Insurance
The federal government PROAGRO and SEAF programs provide subsidized crop insurance to the farmers who are automatically insured under these programs. In the case of SEAF, a fixed capped crop insurance premium rate of 2% is charged to the grower, and the government provides a 75% premium subsidy. Since 2004/05, the federal government has also provided premium subsidies to private commercial insurers for crops, livestock, and aquaculture insurance, and recently, in 2007, the premium subsidy program has been extended to forestry.
The federal government has also provided agricultural reinsurance through the national monopoly reinsurer IRB and through FESR. The government is also developing agricultural risk management training and education programs with several universities. Some state-level governments have also provided premium subsides for commercial crop insurance (including Rio Grande do Sul, Sao Paulo, and Minas Gerais).
Types of Public Support for Agricultural InsuranceThe federal government PROAGRO and SEAF programs provide subsidized crop insurance to the farmers who are automatically insured under these programs. In the case of SEAF, a fixed capped crop insurance premium rate of 2% is charged to the grower, and the government provides a 75% premium subsidy. Since 2004/05, the federal government has also provided premium subsidies to private commercial insurers for crops, livestock, and aquaculture insurance, and recently, in 2007, the premium subsidy program has been extended to forestry.The federal government has also provided agricultural reinsurance through the national monopoly reinsurer IRB and through FESR. The government is also developing agricultural risk management training and education programs with several universities. Some state-level governments have also provided premium subsides for commercial crop insurance (including Rio Grande do Sul, Sao Paulo, and Minas Gerais).
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