Fluctuating Rice Farming Insurance Premiums over 5 Years
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The Rice Farming Insurance Program (AUTP) is a government initiative to help farmers protect their harvests from the threat of crop failure. Crop failure can be caused by climate change, natural disasters, and pests and diseases from Plant Pest Organisms (OPT).
The AUTP program, initially implemented in 16 provinces in 2015, expanded to 23 provinces in 2016 and subsequently to 27 provinces. From 2015 to 2017, the number of implementations steadily increased. In 2017, the AUTP program covered 997,900 hectares (Ha), reaching 99.8 percent of the target.
In 2018, the area covered decreased to 901,400 Ha, representing 90.14 percent of the target. The number of registered farmers was 1.4 million. Based on the latest data from July 2019, the insured land area was 392,600 Ha, covering 676,400 farmers. This land area represents 39.2 percent of the government's target of 1 million Ha.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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