Farmers get Sh1bn for crop failure, livestock in insurance payouts



Business Daily | by Patrick Alushula


Insurers paid farmers Sh1.35 billion insurance compensation for crop failure and purchase of fodder in the last financial year, highlighting the relevance of the cover that mainly targets arid and semi-arid households.

Ministry of Agriculture data shows that Sh1.098 billion was paid out to 18,012 households in eight counties as livestock insurance compensation.

Another Sh254 million was paid out to 40,599 farmers who had taken crop insurance, which addresses risks such as crop failure due to droughts…

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