Munich Re press workshop on 29 June 2010: SystemAgro – Targeted investments instead of subsidies for the agricultural sector

2010/06/30

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.

Presentation: SystemAgro ‒ The basis for sustainable risk management in agriculture (PDF, 1.5 MB)

Online flyer: SystemAgro

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