Bay Area farmers shelled out over 25 million rubles towards insurance expenses
The Baikal region has seen a significant boost for its agricultural sector, as farmers and agricultural enterprises have insured crops on an area of 100,000 hectares this year. This move was facilitated by a 25.5 million ruble subsidy provided by the state, with the aim of increasing livestock and partially compensating for insurance premium costs.
The subsidy, totalling 25 million rubles, was specifically allocated for agri-insurance expenses. The announcement was made by Deputy Minister of Agriculture of the Baikal region, Maria Kuznetsova, on the regional government's official portal.
According to Kuznetsova, the subsidies were distributed among 61 farmers from 14 districts in the region. This financial support will enable farmers to obtain insurance policies that protect their crops and livestock, promoting agricultural stability and contributing to regional economic development.
The subsidies are part of a broader effort to support farmers by reducing their financial risks associated with unpredictable factors such as weather, pests, or market fluctuations. By securing insurance coverage, farmers can mitigate the potential losses from such uncertainties, allowing them to focus on cultivating their crops and raising their livestock with greater confidence.
The total insured area for crops this year remains at 100,000 hectares, indicating a strong commitment from the region's farming community to invest in the future of their agricultural activities. This subsidy program is expected to have a positive impact on the Baikal region's agricultural sector, fostering growth and resilience in the face of various challenges.
For those seeking more precise details on this subsidy program, it is recommended to consult official Russian government agricultural or regional development websites, or recent government press releases specific to Baikal region agriculture.
The subsidy, allocated for agri-insurance expenses, aims to support farmers by reducing financial risks. With this financial support, farmers can purchase insurance policies, promoting agricultural stability and contributing to regional economic development.
