Majnun Mammadov: 25% of agricultural lands are insured

12:44 - 20.06.2024

June 20, Fineko/ Currently, 25% of the country's agricultural land is insured.

ABC.AZ reports that Agriculture Minister Majnun Mammadov said about this during his speech at the international insurance forum in Baku.

The minister noted that one of the main features of the agricultural insurance model in Azerbaijan is a fairly wide coverage.

"Farmers are offered insurance coverage on 41 types of plants for 14 risks, for livestock – for 8 risks. The offered agricultural insurance services ensure the availability of services for 96% of farmers working in the country. The compensation paid to farmers insured by the Agricultural Insurance Fund for insured events increases annually. This factor allows the victims to restore their activity and resume agricultural activity smoothly," the minister stressed.