Armenia's government has expanded the scope of its agricultural insurance program including 11 types of crops. The pilot agricultural insurance program was launched in September 2019, covering 2 types of crops - grapes and apricot. Later, it also included insurance of peach, apples, and barley / wheat.

From this year the insurance will cover 11 crops in all agricultural regions - grapes, apricots, peaches, apples, barley, wheat, oats, potatoes, watermelons, melons and plums.

Farmers will be able to insure themselves against hailstorms, late frosts, fires and a number of other agricultural risks.

A significant part of the insured amount is covered by the government. According to the Ministry of Economy, over the past 6 years, the average annual damage caused to agriculture by natural disasters is about $20 million.

SOURCE: http://arka.am/en/