Area Yield Index insurance to curb farmers’ losses, boost agro output

Insurance has for Nigerian farmers, been considered a myth, yet, holds the solution to repeated complaints over the years when losses are recorded across the value chain, especially in primary production.

In recent years, insurance firms have tried to step up their game, as the agric sector appears to be attracting more attention and funding. For investments to be secured, however, insurance is required to guard against unwanted turn of events. This week, a workshop, which had insurance companies in attendance, saw Area Yield Index insurance, getting into the spotlight as a way of…