The Mozambican government is mulling on the proposal to roll out an agricultural insurance policy in order to serve the peasants of the country.
It is expected that the government’s proposal will receive full backing of the Mozambique Cotton Institute (IAM).
Recently, IAM in collaboration with the World Bank and Food and Agriculture Organization of the United Nations (FAO) had organized a seminar to support the government decision, as reported by Bernama.
During the seminar, the national and foreign experts discussed the best possible ways to prepare and implement the agriculture insurance, using cotton as a test crop, which may be extended to other crops, if the move proved successful.
Also agreed was an action plan and deadline for the implementation of agricultural insurance in Mozambique.
Legal aspect for the development of agricultural insurance in Mozambique, together with historical weather data, which is the basis for agricultural risk management, were also being considered.