Agricultural Insurance and the issues raised

- Agricultural insurance is the policy of the Party and the state, is one of the policies to develop agriculture, rural areas and farmers. After 2 years in 20 pilot localities all over the country, we can say agricultural insurance has obtained significant results.


As an agricultural country, but every year natural disasters, epidemics claimed white farmer Vietnam fortune estimated at 1.5% of GDP (equivalent of about 10 billion dollars). Agricultural insurance is the cure for farmers in preserving the fruits and labor. On 1/3/2011, the Prime Minister issued Decision No. 315/QD-TTg of pilot agricultural insurance period 2011-2013 in 20 provinces. In the implementation of insurance for rice in the province of Nam Dinh, Thai Binh, Nghe An, Ha Tinh, Binh Thuan, An Giang, Dong Thap. Insurance for cattle, pigs and poultry in Bac Ninh, Nghe An, Dong Nai, Vinh Phuc, Hai Phong, Thanh Hoa, Binh Dinh, Binh Duong and Hanoi. Insurance for aquaculture catfish, basa, shrimp, white shrimp in Ben Tre, Soc Trang, Tra Vinh, Bac Lieu and Ca Mau.


Mr. Hoang Xuan Dieu, Chief Agricultural Insurance Insurance Company In Vietnam - one of the pilot business projects that agricultural insurance, agricultural insurance is a new field of insurance. Agricultural sector itself contains a lot of difficulties and risks, depends largely on factors that are difficult to control weather and climate. Besides, the rural poor, small-scale production practices, fragmented, habits and limited experience, the agricultural insurance will also encounter difficulties imminent risk.


What He also said that the current difficulties in the implementation of agricultural insurance is, how do farmers understand the incentives they are entitled to their benefits when the insured with the support almost up to the Government to attract large numbers of participants. These activities are considered to ensure the initial success of the pilot program. Agricultural insurance is a new policy should have had time to perfect the product just so that people have time to realize and see the effects of agricultural insurance so the state should continue to support the insured population to create the habit of producing buy insurance to protect yourself when a disaster, disease occurs .... At the end of the month 5/2013 on Vietnam has covered 30 thousand ha wheat, 500 thousand cattle, pigs and poultry; 5,000 ha of shrimp with a total insured value is 3.300 billion revenue earned premium is 190 billion. As of 5/2013 Insurance Vietnam has paid compensation to farmers totaling 350 billion, of which only two provinces of Soc Trang and Bac Lieu, Vietnam Bao Shrimp damages of 340 billion copper.


What he said, in terms of the efficiency of agricultural insurance was negative due to the excess compensation premiums hiem.Kinh world experience shows agricultural insurance is to have the support of the water, when there is no support from the government can not implement agricultural insurance. The pilot agricultural insurance continues to be implemented urgently, with the close guidance of the Ministry of Finance, Ministry of Agriculture and Rural Development and the direction of the steering committee of agricultural insurance industrial levels. Although this is always determined the political tasks of the business, done in the spirit of farmers and entrepreneurs with entrepreneurial spirit with the policy of the state government with the goal of not for profit but not to business losses, from now until the program ends at the end of 2013, Vietnam continued Protection and thoroughly implement a pilot program for agricultural insurance program into the real life of the people.