Midagri: S/1.8M+ Approved for Tumbes Farmers via Agricultural Insurance
- LIMA, Peru – The Peruvian government, through the Ministry of Agrarian development and Irrigation (Midagri), has approved more than S/ 1.8 million to compensate small-scale farmers in the...
- The funds are part of the 2024-2025 campaign of the agricultural insurance (SAC), currently underway.
- Specialists from Midagri's General Directorate of Associativity,Financial Services and Insurance are working closely with the Regional Agricultural Directorate of Tumbes and local agricultural agencies to ensure the SAC...
Government Approves Over S/1.8 Million for Tumbes Farmers Affected by Climate
Table of Contents
- Government Approves Over S/1.8 Million for Tumbes Farmers Affected by Climate
- SAC Aims to Protect Vulnerable Farmers
- government Assistance for Peruvian Farmers: Your Questions Answered
- What is the Peruvian government doing to help farmers affected by climate change?
- who are the primary beneficiaries of this financial aid?
- What is the Agricultural Insurance (SAC)?
- What types of events are covered by the SAC?
- How does the SAC work?
- How does the SAC determine eligibility and compensation amounts?
- Is the SAC available throughout Peru?
- What crops are eligible for compensation?
- Is this a one-time relief effort or an ongoing program?
- What is the role of Midagri in this process?
- Is there any other support provided to farmers in Peru, besides this financial aid?
- What are the key features of the SAC?
LIMA, Peru – The Peruvian government, through the Ministry of Agrarian development and Irrigation (Midagri), has approved more than S/ 1.8 million to compensate small-scale farmers in the Tumbes region who have been affected by floods, excessive rainfall, and other climate-related events.
The funds are part of the 2024-2025 campaign of the agricultural insurance (SAC), currently underway. According to Midagri, the primary beneficiaries are producers of rice, bananas, corn, and other crops who have suffered losses due to recent climate events in Tumbes.
Specialists from Midagri’s General Directorate of Associativity,Financial Services and Insurance are working closely with the Regional Agricultural Directorate of Tumbes and local agricultural agencies to ensure the SAC processes are carried out effectively,the ministry said.
SAC Aims to Protect Vulnerable Farmers
The SAC is a state-backed insurance mechanism operating in all 24 departments of Peru. Its mission is to protect the crops of small-scale producers from natural disasters, prioritizing those engaged in subsistence family agriculture.
The insurance covers losses resulting from a range of events,including drought,excessive or unseasonal rains,landslides (huaicos),floods,lack of water for harvest,frost,hail,snow,high temperatures,strong winds,pests,predators,diseases,volcanic eruptions,earthquakes,and fire. It also covers drought for crops with irrigation and issues such as non-germination.
Midagri stated that all crops experiencing losses due to covered damages will be eligible for compensation through this service.
The Ministry of Agrarian Development and Irrigation affirmed its commitment to supporting small agricultural producers throughout Peru.
government Assistance for Peruvian Farmers: Your Questions Answered
What is the Peruvian government doing to help farmers affected by climate change?
The Peruvian government, through the Ministry of Agrarian Development and Irrigation (Midagri), has approved over S/1.8 million to compensate small-scale farmers in the Tumbes region who have been affected by climate-related events. These events include floods, excessive rainfall, and other adverse weather conditions.
who are the primary beneficiaries of this financial aid?
According to midagri,the primary beneficiaries are producers of rice,bananas,corn,and other crops in the Tumbes region who have suffered losses due to recent climate events.
What is the Agricultural Insurance (SAC)?
The SAC is a state-backed insurance mechanism operating across all 24 departments of Peru. Its main goal is to protect the crops of small-scale producers from natural disasters.
What types of events are covered by the SAC?
The SAC insurance covers a wide range of events. Here’s a breakdown:
- drought
- Excessive or unseasonal rains
- Landslides (huaicos)
- Floods
- Lack of water for harvest
- Frost
- Hail
- Snow
- High temperatures
- Strong winds
- Pests
- Predators
- Diseases
- Volcanic eruptions
- Earthquakes
- Fire
- Non-germination (for crops with irrigation only)
How does the SAC work?
When farmers experience losses due to the covered events,they are eligible for compensation through the SAC.Specialists from Midagri’s General Directorate of Associativity, Financial Services, and Insurance work closely with regional and local agricultural agencies to ensure the processes are carried out effectively.
How does the SAC determine eligibility and compensation amounts?
The provided article does not specify the eligibility criteria or compensation amounts. however it does specify that all crops experiencing losses due to covered damages will be eligible for compensation.
Is the SAC available throughout Peru?
Yes,the SAC operates in all 24 departments of Peru.
What crops are eligible for compensation?
Midagri stated that all crops experiencing losses due to covered damages will be eligible for compensation through the SAC.
Is this a one-time relief effort or an ongoing program?
The funds released are part of the 2024-2025 campaign of the SAC, suggesting this is an ongoing program.
What is the role of Midagri in this process?
The Ministry of Agrarian Development and Irrigation (Midagri) is the governmental body responsible for administering the funds and overseeing the SAC. Specialists from Midagri work with regional and local agencies to ensure the program’s effectiveness.
Is there any other support provided to farmers in Peru, besides this financial aid?
The Ministry of Agrarian Development and Irrigation affirmed its commitment to supporting small agricultural producers throughout Peru.
What are the key features of the SAC?
Here’s a summary table of the SAC’s key features:
| Feature | Description |
|---|---|
| Type of Program | State-backed agricultural insurance |
| Coverage Area | All 24 departments of Peru |
| Target Beneficiaries | Small-scale producers, prioritizing subsistence family agriculture |
| Events Covered | Climate-related events and other natural disasters (detailed above) |
| Administering Body | Ministry of Agrarian Development and Irrigation (Midagri) |