Livestock insurance can cushion pastoralists against losses induced by weather variations.
A new business intelligence report released by HTF MI with title "Global
Livestock Insurance Market Size, Status and Forecast 2019-2025" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy.
The other projects include habitat development and pasture management for wildlife conservation,
livestock insurance schemes, vaccination campaigns and breed improvement, community mobilization for wildlife protection and some other projects.
Harman Agency has offices in Cottonwood and Orofino, Idaho, and specializes in crop, farm and ranch, and
livestock insurance.
The report also stated that 13 projects were withdrawn by the clients themselves with few citing high
livestock insurance costs and requirement to obtain a paid CSI license as reasons.
It's difficult for people to understand the concept of
livestock insurance at times, thinking that they stand to be compensated if lifestock are killed by wild animals.
To help mitigate this crisis the Central Karakorum National Park (CKNP) has started working on
livestock insurance schemes with concerned communities.
The Kenyan government said that it would extend
livestock insurance to 14 counties.
Last year the sale of policies for this purpose grew 50 percent and this year they expect the number of
livestock insurance policies to step up
A number of measures which include, Credit Guarantee Scheme for Small and Marginalized farmers, Crop Loan insurance Scheme and
Livestock Insurance Scheme have been taken as per agenda of the government to protect the farmers from vagaries of market fluctuations, and support them in the face of natural calamities.
Through the new Kenya
Livestock Insurance Program (KLIP), the government will purchase drought insurance from private insurance companies on behalf of vulnerable pastoralists.
The local government has since worked with herdsman to show them how to protect against the leopards and has began offering
livestock insurance and compensation.
