Thursday, April 22, 2021

Food Security: Expert advises Nigerian farmers to embrace insurance packages

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An insurance underwriter, Tella Adekunle, has urged small-scale farmers to embrace agricultural insurance packages to promote food security in Nigeria.

Mr Adekunle disclosed this in an interview with newsmen in Benin, Edo State on Wednesday.

According to him, agricultural insurance packages serve great support to farmers against risks and uncertainties.

He said: “There is the Area Yield Index-Based Policy, an agricultural insurance policy that protects farmers against risks such as frost, excessive rainfall, windstorm, plant diseases and pests, hail, and flood.

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“The arrangement of this type of policy is such that a cluster of local farmers cultivating an expanse of land can jointly arrange to insure their assigned areas.

“This can be a local area within the same agro ecological zone with clear demarcation of each farmers’ portion.’’

Mr Adekunle revealed that small-scale poultry farmers could also insure their birds against risks going by the amount of capital invested in the business.

“Poultry farm insurance covers birds against death following incidences of fire, lightning, windstorm damage, flood, uncontrollable disease and accident.

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“Capital is required to start a poultry business and a protection of such investment (insurance) cannot be unduly justified,” he concluded.

NAN

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