In Togo, farmers could be insured very soon

Friday, 30 August 2019 17:26
In Togo, farmers could be insured very soon

(Togo First) - Maize, Rice and Cotton. These are the three agricultural sectors that are most insurable in Togo.

This was disclosed by a recent feasibility study conducted in order to put in place agricultural insurance for Togolese farmers.

The report of the study ordered by the ministry of agriculture and steered by MIFA SA was reviewed on August 29, 2019, in Lomé, at a meeting which regrouped actors of the agricultural sector, officials, insurers, banks, microfinance institutions and entrepreneurship-promoting entities.

The three sectors mentioned earlier meet all conditions required for the start of pilots for insurance. However, these pilot stages will be carried out based on the main types of risk to which the culture is exposed, such as drought or excess water.

The study also serves as a roadmap to launch a sustainable insurance program for agriculture in Togo. The move was technically and financially backed by the African Development Bank (AfDB).

Ayi Renaud Dossavi

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