Resolution 49 Subsidies for Agricultural Insurance in Chile

The program is designed to protect agricultural activity from losses caused by adverse weather events such as droughts, excessive or untimely rains, frost, hail, snow and damaging winds. To facilitate this objective, the State, through the Ministry of Agriculture, promotes an Agricultural Insurance Program that transfers part of these risks to the insurance market, offering a subsidy to co-finance the insurance premiums contracted by agricultural producers. The general subsidy will cover 50% of the policy's net premium and a fixed amount of UF 1.50 per policy. The total amount of the subsidy may not exceed UF 80 per agricultural season for each beneficiary. In case of failure to pay the unsubsidized premium, the insurance contract will be terminated and the beneficiary will lose the right to the subsidy. The program protects cereal crops (rice, grain oats, grain barley, rye, grain corn, silage corn, wheat and triticale), industrial crops (chicory, industrial chili, malting barley, raps, beet, tobacco, industrial tomato, green peas , green bean, sweet corn, potato, pepper, green bean), vegetables (chili, garlic, beetroot, broccoli, onion, cauliflower, lettuce, choclo corn, lluteño corn, calameño melons, prickly pear and israelita, cucumber salad, pepper consumption, cabbage, watermelon, tomato for consumption, carrot, pumpkin and Italian squash, green peas, green beans, sweet corn, potato, pomegranate and green beans), legumes (grain pea, lupine albus and angustifolius, beans for consumption and export), seedbeds (rice , grain oats, grain barley, brewing barley, potato, wheat and triticale), greenhouses (tomato, cucumber for consumption and salad, green beans), and fruit trees (table grapes, vinifera and pisco, apple and avocado).