As the worldwide population grows, so does the demand for food. There are 138 million uninsured farmers in South America. Keeping all these farmers, especially the smaller farms in the fields are important. Smaller farms play a fundamental role as the medium linking together the agribusiness food supplies to the local populations. The agricultural insurance of the smaller farms therefore should be able to move forward with larger farms, but will require fiscal support so premium payments are possible.
This presentation is based on AMA Innovation Lab projects for the Public-private Partnerships for Agricultural Insurance event. This meeting gathered the policy, regulatory, financial services and research communities together to discuss risk transfer innovations and their applications in the Pan-Andrean region.
This presentation took place in Lima, Peru on July 11, 2011.