• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
Advertisement
  • Home
  • News
    • National
    • Politics
    • World News
  • Business
    • Agriculture
    • Finance
    • RealEstate
    • Technology
  • Op-Ed
  • Entertainment
    • Lifestyle
    • Showbiz
  • Sports
    • Football
    • Motorsport
  • Special Report
    • Education
    • People
  • Travel
  • Video
  • Luganda
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
  • Business
    • Agriculture
    • Finance
    • RealEstate
    • Technology
  • Op-Ed
  • Entertainment
    • Lifestyle
    • Showbiz
  • Sports
    • Football
    • Motorsport
  • Special Report
    • Education
    • People
  • Travel
  • Video
  • Luganda
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Farmers to start insuring their crops

watchdog by watchdog
4 years ago
in Business
1 0
Share on FacebookShare on Twitter

By Namugerwa Martha

Government has launched an insurance program in partnership with National Union of Coffee Agribusiness and Farm Enterprises (Nucafe) to help farmers insure their crops for natural disasters.

Mr. Robert Serwanga, the country manager Agriculture Re-insurance consultants, one of the initiators of this program said that farmers have been incurring losses due to natural disasters like drought which leads them to losing a lot of their capital.

Hill Water

‘’Drought has caused 65% of losses these last few months yet farmers have no control over natural disasters, but with this program farmers will no longer incur losses and they should embrace this opportunity,’’ Serwanga said.

The government has invested shs5 billon and will be paying 50% of the insurance premium for farmers that are interested.

Mr. Joseph Nkandu, Executive Director Nucafe, said that they are going to first help farmers that are engaged in coffee growing in the insurance cover, code named coffee drought insurance index.

Mr. Nkandu added that the country will attain its target of producing 20 million bags of coffee by 2020 and this program has been put to attract more farmers into coffee production.

Agriculture being the most important sector of the economy, farmers needed to insure their crops yet no bank was ready to risk insuring farmer’s crops.

Farmers interested will give value of their crops in a particular season on the basis of farmer’s premium which is 5% this means the farmer will be instead paying 2.5% because the government subsidized the cover by 50%.



Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com

ShareTweetSend
Previous Post

Standard Gauge Railway launches Malaba-Kampala railway construction

Next Post

Trending Today

Next Post

Trending Today

Subscribe to Our Newsletter

Our news in your inbox. Subscribe to receive Watchdog Uganda news in your email at no cost.

Check your inbox or spam folder to confirm your subscription.

Facebook Twitter

Contact Information

Plot 23, Yusuf Lule Road
PO Box 7661 Kampala, Uganda
Office Line: +256 777 286 815
Email: editorial@watchdoguganda.com
To Advertise:Click here

© 2020 Watchdog Uganda

No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
  • Business
    • Agriculture
    • Finance
    • RealEstate
    • Technology
  • Op-Ed
  • Entertainment
    • Lifestyle
    • Showbiz
  • Sports
    • Football
    • Motorsport
  • Special Report
    • Education
    • People
  • Travel
  • Video
  • Luganda

© 2020 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In