Design agricultural risk management systems
ALLIANCE for Commodity Trade in Eastern and Southern Africa (ACTESA) has advised member countries to design agricultural risk management mechanisms to support and improve increased agricultural insurance coverage to mitigate dangers from
however accidents and natural disasters.
And ACTESA chief executive officer Cris Muyunda has challenged suppliers of seeds and fertilizers to consider sharing the risk by providing insurance to farmers who buy their products.
During the Africa Agricultural Markets Program (AAMP) policy seminar on ‘Risk management in Africa’s Agriculture: Taking stock of what has and has not worked’ on Monday, Dr Muyunda said agricultural risk management was about developing a strategy to avoid, reduce, accept and share risks through setting priorities and allocating resources accordingly.
Dr Muyunda mentioned that perils that needed to be managed included fire, lightning, frost, excessive rain, droughts, uncontrollable crop diseases and pests.
