Particularities of agro insurance
In Ukraine the farmers started using new more efficient technologies for their crops production. Such practice results in an increase of production cost and increase the risks of running this business. In the countries with higher level of production culture 80-90% of the fields sown are insured. In Ukraine only 5-8% of the fields are insured. However there are farms which want to have a guaranteed financial result by using their crops’ insurance, despite the fact that Ukraine is in a zone of increased crops production. It is necessary to insure both winter and spring crops, because every 5-8-10 years from place to place in Ukraine there are floods, or droughts, or winterkills.
Vegetable producers have to have to pay more attention to their crops insurance because unpredictable weather means unpredictable financial situation of a farm.
AA AGROS is specialized on this particular one of the most complicated kinds of insurance – agro (crops) insurance.
How to insure
For Ukrainian agro producers there are various programs of agro crops insurance which cover the loss caused by a single peril, or by group of perils, or all-risks covers.
There are specialized liability cover programs for the seeds producers.