Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
COP 67.272 billion was enabled by Colombia to subsidize the purchase of agricultural insurance through the Agricultural Insurance Incentive as a preventive measure against El Niño.
85% of the premium is covered by the Agricultural Insurance Incentive for small producers, while medium-sized producers receive coverage of up to 35%.
19,467 producers and 41,073 productive projects have benefited from the agricultural insurance mechanism in crops such as coffee, rice, plantain, potato, cassava, cocoa, and maize.
0.37% of agricultural GDP represented agricultural insurance premiums in Latin America in 2009, compared to 6% on average in Canada and the United States (de Olloqui & Fernández Díez, 2017).
20% of cultivated area and 1.3% of livestock are insured in Latin America, according to ALASA (de Olloqui & Fernández Díez, 2017).
