Jan Kellett’s Post

How does Pradhan Mantri Fasal Bima Yojona help to farmer for sustainable agriculture? The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme launched by the Government of India.It provide insurance coverage and financial support to farmers in case of crop losses due to natural calamities, pests, or diseases. It replaces the earlier National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS). Farmers have to pay a premium of 1.5% of the sum insured for Kharif crops, 2% for Rabi crops, and 5% for commercial or horticultural crops. ➡️Principles Comprehensive Coverage: PMFBY provides comprehensive insurance coverage to farmers against crop loss due to natural calamities, pests, and diseases. Affordability: The scheme aims to make crop insurance affordable for farmers by providing subsidized premiums. Risk Mitigation: PMFBY helps in mitigating the financial risks faced by farmers due to crop failure or damage. Promotion of Modern Farming Practices: It is providing financial security to farmers to adopt modern agricultural practices. ➡️Benefits: 1.Financial Security: Farmers receive compensation in case of crop loss or damage. 2. Stability: PMFBY promotes stability in the agricultural sector by reducing the vulnerability of farmers to crop-related risks. 3. Investment Support: Farmers can invest in better agricultural practices without the fear of significant financial losses. ➡️Selection Criteria: All farmers who have taken loans for notified crops in notified areas are eligible for PMFBY. The scheme covers both loan and non-loan farmers. There is no upper limit on the premium subsidy for eligible farmers. ➡️Coverage: PMFBY covers pre-sowing to post-harvest losses. It provides coverage for notified crops in notified areas. ➡️Premium Amount: Premiums are subsidized and are based on the type of crop, its location, and the extent of coverage opted by the farmer. The premium rates are fixed by the government and are kept low to make insurance affordable for farmers. ➡️Compensation Amount: The compensation amount depends on the extent of crop damage and the sum insured. Once the claim is approved, the compensation amount is disbursed directly to the farmer's bank account. ➡️Rates of PMFBY: The premium rates under PMFBY are determined by the government and vary based on factors such as crop type, location, and coverage level. The rates are designed to be affordable for farmers while still providing adequate coverage against crop losses. Conclusion: PMFBY aims to safeguard the interests of farmers, promote agricultural stability, and encourage the adoption of modern farming practices in India. #pmfby #minstryofagriculture #sustainableagriculture

CLIMATE CHANGE IN GHANA: THE IMPACT OF AGRIC-INSURANCE In Ghana, the impact of climate change on agriculture is evident, affecting key crops like maize, vegetables, pawpaw, and cocoa due to rising temperatures and erratic rainfall. Agricultural insurance is playing a pivotal role in providing financial protection to farmers in the face of unpredictable weather patterns and promoting sustainable practices. Introduced in the late 1990s, agricultural insurance supports the United Nations' Sustainable Development Goals, particularly Zero Hunger and Climate Action, by enhancing food security and climate resilience. The Ghanaian government, in collaboration with international organizations like the World Bank, is backing agricultural insurance through initiatives such as the National Agriculture Insurance Policy and Fund. Leveraging technological innovations like satellite imagery, drones, and mobile apps, agricultural insurance in Ghana is evolving to offer more accurate and efficient insurance delivery. Discover more about the significance of agricultural insurance in protecting farmers against climate change and promoting sustainable agriculture by reading the full article here: 👇 https://lnkd.in/dJzhMtbp

"Crop insurance serves as an integral tool in maintaining #sustainable levels of #food production by providing a safety net for #farmers, ensuring access to #financial resources in the event of crop failure and other #disasters," says Daniel Stevens, Head of Santam Agriculture Crop Insurance at Santam Insurance. #insurance #cropinsurance #foodsecurity #insuranceindustry #farming #formingforthefuture #agriculture #riskmanagement #foodproduction #agribusiness #southafrica

About Staying curious. When you do what you always do, you run the risk of operating on autopilot mode and growth doesn't happen when you stop asking questions. I feel grateful for the opportunity provided by ZEP-RE ACADEMY to dive deeper into an area of insurance that I haven't had much experience in. And I was immediately fascinated by the interrelation between Agriculture Insurance and Sustainable Development and these are my takeaways from the training; 1.Risk Management: Agriculture insurance helps farmers manage the inherent risks associated with their activities. By protecting farmers from losses, it encourages them to adopt modern and sustainable farming practices. This can include investing in better seeds, irrigation systems, and soil management techniques. 2.Financial Stability: Sustainable development requires investments in technologies and practices that might have upfront costs but yield long-term benefits. Agriculture insurance provides the financial stability needed for farmers to make such investments. This can lead to improved agricultural productivity, reduced environmental impact, and enhanced food security. 3.Climate Resilience: Climate change poses significant challenges to agriculture due to its impact on weather patterns. Agriculture insurance can help farmers recover from losses caused by extreme weather events and encourage them to adopt climate-resilient practices. This alignment supports the broader goal of adapting agriculture to changing climatic conditions. 4.Poverty Alleviation: Sustainable development aims to reduce poverty and improve livelihoods. Agriculture insurance can play a role by preventing farmers from falling into a cycle of debt and poverty due to crop failures. By ensuring a more stable income, insurance contributes to poverty reduction. 5.Environmental Conservation: Sustainable agriculture practices prioritize environmental conservation, including soil health, water management, and biodiversity preservation. Agriculture insurance can incentivize the adoption of these practices by mitigating the risks associated with their initial implementation. 6.Inclusive Development: Agriculture insurance can contribute to social equity by ensuring that vulnerable and marginalized farmers have access to financial protection. #cropinsurance #DRIVE-IBLI #parametricinsurance

Agriculture is a 10,000-year-old industry but still not treated as an industry. Agriculture ko industry bolte h, but industry jaise treat hi nhi karte As a businessman who’s associated with 1200+ farmers across the country, I consider it my duty to make their lives more dignified and easy. We identified some problems in agriculture as an industry and here’s how we are solving them. 1️⃣ Industry is not glorified: There has been a very gloomy picture of agriculture. Whenever we hear the word "farmer" or “labor”, it also gets associated with another word “exploitation” Because they’ve been exploited for centuries. 💡 How we are solving it We are giving them the respect and dignified environment they deserve. First of all, we don’t use the word “labour”, we call them “Krishiveers” and "Farm Warriors". They are the most important part of our company, and we ensure we convey this to them. In short, we want to glorify Agriculture as an industry where we can create an environment where when a child is asked in school about the profession of his parents, they can proudly say "My parents are farmers!" 2️⃣ No job opportunities in farming: There is a difference between getting a job in agri and getting a job in farming. A job in farming means working at the field level, not to sell something but to execute farm work and ensure yield. But the thoughts around farming are that no one makes money, farmers are in a very tremendous state, 2nd generation farmers do not want to do farming… 💡 How we are solving it We are offering them secure opportunities with regular incomes, Pension benefits, child education funds, etc. This helps us create and set industry standards. 3️⃣ No insurance for small to medium-scale farmers: Sometimes the conditions on the farm may lead to some mishaps. Snakes, scorpions, etc can come or due to extreme weather, farmers may fall sick. We also sometimes become helpless in providing insurance benefits as comes with its challenges. Not everyone has complete documentation, identity cards, and bank account kinds of things. 💡 How we are solving it Insuring Farm team: When krishiveers work with us, we provide them blanket insurance showing them as our employees. However, all our workers are not insured YET, but this number is also growing as the company grows. This is a transition from an unorganized to an organized sector. What’s the biggest challenge you as a farmer are facing today? #zettafarms #storytelling #agrotech #agriculture

Kabwata Tuesday Market: A Lifeline for Local Farmers. By Blessing Ngoni Tauro Vendors they do travel from various area to sell farm produce such as Chipata and Kafue which is 80km and 100 km plus respectively. Some of the produce from Kafue such as Lemons, oranges as well as green beans. On the interview with Agricultural Economist, a lady from Chipata Mentioned that she comes from Chipata and she was selling products at open space, direct sunlight. She said, they have hope on the Market place which is still under construction. There is a variety of fresh farm produce. In addition another lady told Economist Tauro that they only sell on Tuesdays that's why it is called Tuesday Market and the little they get can sustain their families.Some will retain with 7/8 of the products unsold yet they were exposed to direct sunlight and this will reduce life span of the farm fresh products to the extend that they will lose there market valley leading to loss of revenue to the farmer. The farmer will be forced to sell goods at negative inflation rate this is a scenario whereby vendors will be selling at price below even cost of production so as to get something in there pockets for their families. Therefore as an Agricultural Economist I do propose that farmers and vendors should be empowered through training programmes, forming extension groups and many more not forgetting to insuring the farmer against a legion of factors that would lead to loss of revenue such as fire, then, Deterioration of stock, goods in transit, money insurance and many more. The Agricultural Economist wishes to have stakeholder meeting with a legion of authorities so as to empower the un empowered and remember its Promote Zambian to produce produce African and some of the stakeholders include insurance company, ministry of Agriculture, NGO's, Economic Association of Zambia, Afrikaconnector to connect stakeholders to farmers and many more not forgetting Media team and all local all local authorities and ward councillors Their is a need of connecting the farmers to the customers so that they will know what to produce, for whom and in quantity to avoid losses since a lot of these products can rot.These farmers also need to be insured Hence Agro Afrikaconnector will assist through training sessions like women in farming, talking Agriculture etc.So their will be Afrikaconnector discount Market very soon to link the un linked ones, empowering the unempowered ones For more information contact Agribusiness Manager +260958096656

On the 13th of December 2023 the Zambian Government through the Ministry of Agriculture unveiled its 2022 to 2026 Agriculture Strategic Plan. In the plan were a number of deliverables that included set targets to develop 20 Climate Smart Agriculture Technologies and Practices by 2026 against a baseline of 5 that were set in 2021. It has also set a target to ensure increased production of the countries staple food crop (Maize) from a baseline of 3.6million metric tons set in 2021 to 4million metric tons by 2026. Read more here: https://loom.ly/qiRA00Q #AgricultureRisk #ZambiaFarming #Technology #Green

The “Good Soil Discount” ­— A Game Changer for U.S. Agriculture, is an Insight by Harley Cross, Land Core co-founder and director of strategy, that explains how market-based incentives — like those for good drivers & non-smokers — for the adoption of agricultural practices like cover cropping, reduced tillage & increased crop rotations will go a long way towards ushering in a new understanding of the true value of soil health for all producers. Read the Insight here: https://lnkd.in/eNSTErwQ For decades, the health risks of smoking were known, but widespread cultural acceptance of smoking continued. Unsurprisingly, around the same time that insurers began pricing in the risks of smoking, creating disincentives for smokers, public perception shifted substantially. Objective, market-based incentives, like insurance discounts, are powerful tools in shaping culture. Foundation for Food & Agriculture Research awarded a grant to Land Core to apply market-based incentive principles to determine the risk-mitigation benefits and related cost savings associated with specific #soilhealth practices. Compeer Financial

Agriculture insurance has a role in stemming tide of food insecurity https://lnkd.in/dxMQtTrQ Daniel Stevens | Head | Agriculture Crop Insurance | Santam |  The 2023 Agricultural Insurance Pulse Report indicates global hunger and food insecurity is on the rise with the number of undernourished people estimated to have increased up to... #bbrief #insurance #agriculture #food #foodsecurity Daniel Stevens Santam Insurance 

Interesting read.