The plans of the Krasnodar Territory to provide massive state support to farmers in the acquisition of insurance coverage were announced by the Governor of the region Veniamin Kondratiev
“Annual tests of bad weather – hail, drought or flooding – have shown farmers the need to protect their crops. At the end of last year, the area of insured farmland quadrupled from 159,000 to 630,000 hectares. For our part, we subsidize the cost of this mechanism to farmers from the regional budget. In 2023, we will allocate over 460 million rubles for these purposes,” said Veniamin Kondratiev.
According to the NSA, the Krasnodar Territory now has 7 times more winter crops insured than a year earlier – 595,000 hectares. This is more than 30% of the total area of winter crops sown in the region, which is about 1.8 million hectares. For comparison, only 80 thousand hectares were provided with insurance coverage in the Krasnodar Territory for the 2022 harvest.