Our Culture is Agriculture
Agricultural insurance protects against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater investment in crops. Agriculture needs tools to reduce the losses due to these uncontrollable risks. Widespread crop failures not only immediately affect the farming community by impacting their incomes but also drop the demand for goods produced in other sector. Hence crop insurance plays an important role in not only minimizing the risk which farmers face but it also plays an important role in stabilizing the economy.