Is it planned to revise the system of insurance of agricultural risks, said Andrey Balysh

Is it planned to revise the agricultural risk insurance system at the legislative level so that the farmer or farm is not left alone with crop failure in case of adverse weather conditions? This question was answered in the program “People’s GOST” by Deputy of the House of Representatives of the National Assembly of Belarus, Deputy Chairman of the Permanent Commission on Agrarian Policy Andrey Balysh.

As you know, the Republic of Belarus currently provides for two forms of crop insurance. That is, compulsory insurance, which implies that 95% of the amount necessary for insurance is insured at the expense of the state, and only the business entity pays 5%. The list of cultures that are insured includes a small number of strategic cultures that are important for the socio-economic development of the Republic of Belarus. These are crops such as winter rapeseed, winter barley, flax dolunets, sugar beets and buckwheat, Andrei Balysh reminded.

He noted that on behalf of the Ministry of Agriculture and Food of the Republic of Belarus, which was supported by the Ministry of Finance, the Committee on Agriculture and Food of the region, the regional executive committees were instructed to collect the necessary information.

“Instructions were given to interview peasant-farmers and agricultural enterprises in order to develop and propose specific proposals for the model of insurance, namely voluntary insurance,” he said.