A CHALLENGE TO THE GLOBAL LEADERS OF EDUCATION, BUSINESS AND DEVELOPMENT ORGANIZATIONS!
Crop insurance can be the Prime Mover of all other types of non-life and life insurance products applicable for agro-industry and its stakeholders, if and only if, it can demonstrate/present instant, continuous and everlasting multifaceted increment to generate income as well as its security and sustainability to the peasants and landowners community of rural Bangladesh. And this can only be achieved or possible through introduction of a non-conventional method of partnership agreement namely (say) “Three share basis co-operative farming” among the peasants, land owners and the Investor of money & technology where the peasants will contribute their labor only and get 25% of the total output, landowners will give their agricultural land for cultivation and will get 25% share of the total output and the investor responsible for investment of money, technology, management and supervision of the farming will also get 25% of the total output of the respective land to be cultivated under the said partnership agreement. The remaining 25% of the total output will be kept as premium of crop insurance , Group Health insurance of all the family members of the Peasants and Landowners involved!. Now, since the total turnover/production/ output in a year shall certainly be increased by two to three times in comparison to that of previous years for applying modern technique & technology like crop rotation including proper fertilization, Integrated Pest Control Management etc, to produce yield by utilizing the land throughout the year, the net increment/income (in spite of sharing the output @25% or @30%) of the peasants and the land owners will be minimum doubled without bearing any cost by them. Thus, all the existing constraints/hindrance on the way to introduction and successful operation of Agriculture insurance including all other non-life and life insurance products due to lack of fund, knowledge & awareness of the rural inhabitants accompanied with their inherent negative attitude towards insurance, lack of mutual trust & confidence and alligation & counter allegation of involvement of moral hazard between insurers and themselves, etc., which by conventional/traditional mode of approach could never be removed or never be overcome by any other means/ways, will certainly be disappeared gradually or totally inactive at a time, for the management and control of decision making to buy insurance including settlement of insurance claim shall remain in the hands of the respective Investors &/or Insurers-cum-Investors!
Therefore, introduction of “Three share basis partnership farming ” is the only solution of Agriculture, Agro-industry and all trade insurances associted therewith followed by education, employment, health and medicare insurance of all rural inhabitants; while food security and eradication of poverty is its obvious logical sequence!
Today, we remember and honor the lives lost on 9/11. Let us take this moment to reflect on what we can do to make the world a better place and act with kindness and compassion for others.
#neverforget #911anniversary
