Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
2 economic protection mechanisms, market diversification and agricultural insurance, are included in the plan to prevent price declines and facilitate the recovery of affected producers' investments.
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).
