Myanmar to implement crop insurance system for farmers

0 Comment(s)Print E-mail Xinhua, September 25, 2023
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YANGON, Sept. 25 (Xinhua) -- Myanmar will implement a weather index-based crop insurance system for farmers, U Ye Min Aung, president of the Myanmar Rice Federation, told Xinhua on Monday.

A public-private partnership task force, led by Myanma Insurance under the Ministry of Planning and Finance, was organized to carry out the system, U Ye Min Aung said.

If the farmers have insurance, they will be compensated when suffering losses, he said.

Crop insurance is extensively practiced in many agro-based countries, he added. Enditem

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