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Crop Insurance Schemes for Tropical Farmers
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Livestock Insurance
Covers death or injury of animals due to accidents or diseases. Useful for tropical farmers in diversifying risk through livestock assets.
Multi-Peril Crop Insurance (MPCI)
Covers crop losses from all types of natural disasters. Supports tropical farmers by providing comprehensive risk management.
Tree Crop Insurance
Specialized insurance for perennial crops like coffee, cocoa. Offers protection to tropical farmers who rely on long-growth period crops.
Named Peril Insurance
Coverage is specific to a named peril, such as fire or pests. Allows tropical farmers to insure against prevalent risks in their region.
Weather-Based Crop Insurance
Pays out based on weather conditions like rainfall levels, temperature, that affect crop production. Useful for tropical farmers facing unpredictable weather patterns.
Equine Insurance
Specific insurance for horses, covering death, injury, or loss of use. Supports tropical farmers who utilize horses for agriculture or transport.
Area Yield Index Insurance
Provides payouts based on the average yield within a region. Helps tropical farmers when overall production is low, offering a safety net.
Individual Yield Protection
Insures farmers against yield shortfalls on their own farm. Tailored support for tropical farmers to cushion individual production risks.
Farm Income Insurance
Guarantees a stable income and protects against unexpected drops. Supports tropical farmers in maintaining financial stability through volatile seasons.
Flood Insurance for Agriculture
Protects against crop losses due to flooding, a frequent risk in tropical regions. Helps farmers manage one of the primary threats to their livelihood.
Input Cost Insurance
Insures the cost of seed, fertilizer, and other inputs. Ensures that tropical farmers can recover investments if a crop fails.
Drought Tolerance Insurance
Financial protection when drought affects yields. Particularly important for areas in the tropics prone to irregular rainfall.
Crop Revenue Insurance
Protects against a loss of income caused by price changes or low yields. Assists tropical farmers in securing their earnings despite market fluctuations.
Hail Insurance
Covers crop damages specifically caused by hail events. Although less common in the tropics, it provides coverage for this specific risk.
Index-Based Livestock Insurance
Compensates based on indices like grazing conditions. Protects farmers in tropical regions from the impact of environmental changes on livestock.
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