Green beans, ginger, and sesame added to crop disaster insurance items

The Ministry of Agriculture in South Korea is selling crop disaster insurance to farmers through agricultural cooperatives to relieve anxiety and support reproductive activities due to natural disasters. The insurance coverage will include new crops and cultivation techniques, and the trigger criteria for damage from insufficient sunlight will be established. The insurance premium rate will be operated according to individual disaster risk and natural disaster damage prevention efforts. The ministry plans to introduce a product that can guarantee all natural disaster damage up to the harvest season on a trial basis in some regions. As of 2024, the area covered by crop disaster insurance is 678,875 ha, or 54.4% of the target area, and 1.271 trillion won in insurance was paid to 245,146 farmers who suffered damage from heavy rain, heat waves, and droughts.

Green beans, ginger, and sesame are added to the crop disaster insurance target items, and 9 items including pumpkin and carrot are added to the national operation items. In particular, new cultivation techniques such as apple multi-farm cultivation are also included in the coverage. The Ministry of Agriculture, Food and Rural Affairs began selling crop disaster insurance through agricultural cooperatives and others on the 3rd to relieve farmers’ management anxiety and support reproductive activities due to natural disasters. According to this, this year, the target items and compensation disasters will be expanded to strengthen agricultural management stability. In other words, green beans, ginger, and sesame are newly introduced to the crop disaster insurance target items, and 76 crops will be operated. In addition, new varieties, types, and cultivation techniques that are being distributed in the field, such as apple multi-farm cultivation, the ‘Goldwin’ variety of ...