Government approves Plan for rural insurance in the coming years

The Resolution of the Interministerial Rural Insurance Management Committee (CGSR) was published in the Official Federal Official Gazette (DOU) today (19), which approved the Triennial Rural Insurance Plan (PTSR), for the period from 2019 to 2021.

According to information from the Ministry of Agriculture, the adjustment in the rules will contribute to optimize the application of available resources, according to Wilson Vaz de Araújo, Secretary of Agricultural Policy of the Ministry of Agriculture, Livestock and Supply (MPLS).

“According to our analysis, the average level of support will be around 35% over the premium amount. With this, we expect to meet around 100 thousand policies already next year, “he explained.

New rules

One of the changes foreseen in the current program is the increase of the minimum percentage of coverage of the expected productivity, from 60% to 65%, to all products with coverage characterized as “multirisk”. This measure meets the demand of the sector, which seeks greater protection for its crop, in the event of occurrence of claims.

Another change concerns the incentive, through a higher subsidy percentage, for revenue / billing insurance. This product offers very adequate characteristics for the protection of agricultural productive activities by offering coverage both against losses due to adverse climatic events and for market risks, that is, due to falls in productivity, price or both.

This text was translated by machine from Brazilian Portuguese.