Farmers in the country have been encouraged to insure their farms to avert losses suffered by farmers in times of destruction to their crops.
According to Mr. Jerry Quanson who is the Marketing Manager for the Ghana Agriculture Insurance Pool, farmers are exposed to several challenges that require insurance to protect their farms, adding that insurance is very important for them.
“There are a lot of challenges in farming and so farmers help themselves by protecting or insuring their crops against any losses,” he stressed. “Crop insurance is very important for every farmer to secure his crops or the money entered into the farming. Crop insurance is therefore very important for every farmer to secure his crops or the money invested into the farming.”
The Ghana Agriculture Insurance Pool aims to provide agricultural insurance for farmers and financiers of agric in Ghana. The pool is made up of 16 non-life insurance companies in Ghana and it operates under the umbrella of the Ghana Insurers Association.
Mr. Quanson also observed that though most of Ghana’s farmers want to gain a lot of profit from their farming activities, most of them depended on rainfall, weather, etc. for the nourishment of the crops.
He said the crop insurance secures farmers’ crops irrespective of the season: rainy season, harmattan or heavy rainfall which destroys crops, etc.
The marketing manager said though insurance does not prevent losses; it rather provides money to the affected farmer to start another farm to help promote the country’s agribusiness.
Another benefit from crop insurance underscored by Mr. Quanson is to secure crops against crop failure.
“Crop insurance also protects the farmers against losses caused by crop failure and this helps farmers to understand latest technological advancements and improve upon their crop production,” he emphasized.
He added that there are a lot of benefits farmers derive from associating themselves with insurance companies which includes supporting a farmer with money if there is a disaster.
Mr. Quanson mentioned types of crop insurance which including Multi-peril, Crop disaster, single peril, etc.
Source: Nana Ama Sarfoemail@example.com/ritefmonline.org