Munich Re press workshop on 29 June 2010: SystemAgro – Targeted investments instead of subsidies for the agricultural sector
Making agriculture a viable and profitable business for farmers in the long run is becoming increasingly difficult. One of the reasons is the lack of comprehensive cover protecting farmers against natural hazards that threaten to destroy their whole year’s agricultural production. Especially against the background of climate change, losses are likely to rise. Thus, securing the future of farming is one of the issues raised in the debate over plans to reform the Common Agricultural Policy in the EU for the period after 2013.
Munich Re has analysed agricultural insurance schemes worldwide and come to the conclusion that there are various ways of efficiently meeting the challenges of the agricultural sector. Risks should be shared between governments, insurers and farmers in public-private partnerships.
Online flyer: SystemAgro
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.