2018-04-04
To promote agricultural activities, and to mitigate risks for entrepreneurs and farmers, the state has been running the Agro Insurance Project for over four years, which involves state insurance of crops from hail, flood, hurricane, and autumn frost covering all cultivars (70% coverage for all cultivars and 30% coverage on grapes).
Under the Agro Insurance Project, almost 60,000 hectares of land were insured, making up almost 500 million GEL worth of crops insured.
This year, nine million GEL is expected to be allocated to finance this project.
Every year, the project is being improved in line with international standards, and a significant growth has been recorded in farmers' engagement.
The new initiative involves mandatory registration of agricultural lands. Unlike previous years, the program is available to farmers with registered lots. In parallel, the registration process is being simplified for entrepreneurs and small farmers. Land registration is very important in terms of including arable lands in economic activities, which is the reason the Ministry of Environment Protection and Agriculture has proposed this new initiative.
Prime Minister's Press Office