Agriculture, Ismea: “In 2020, policies for 6.1 billion for vegetable crops”

The numbers of the 2020 insurance campaign indicate a substantial stability of the subsidized agricultural policies market, with values ​​of over € 6.1 billion in the vegetable cultivation sector alone (-0.1% on 2019), representing 72% of the total. This was revealed by the Report on Risk Management in Agriculture 2021 produced by Ismea in collaboration with the Ministry of Agricultural, Food and Forestry Policies. Overall, also considering the zootechnical policies and those against damage to company structures, the threshold of 8.5 billion euros (Ismea estimates on the data transmitted by the insurance companies) went beyond, with a growth of 0.4%. It should be noted that the further significant increase in policies on structures (mainly greenhouses and crop protection systems), for a value of over one billion euros and an increase of 5.9% on 2019, was offset by a reduction of 1.5% of specific insurance in the livestock sector, mostly intended to cover health risks (1.3 billion). The evolution of insurance costs in 2020 – the Report reveals – confirmed the trend already observed in previous campaigns. For vegetable crops, premiums reached the highest level ever (557.8 million euros), with a jump of 11% compared to 2019. At an all-time high also the average tariff applied by the companies, which in 2020 exceeded for the first time the 9% threshold.