Nakeseke farmers embrace agriculture insurance scheme
Jul 29, 2019
A benefactor Bonafatiri Nakalema in Nakaseke who had subscribed to insurance service beams with a smile while talking about how she lost all her beans when a drought hit the area.
AGRICULTURE INSURANCE
Trapped in the unpredictable challenges of climate change, farming has never been popular among insurance companies.
Alino Farm in Nakaseke faces a series of challenges such as pests, diseases, poor infrastructure, unstable market prices, and poor post-harvest handling.
Coming to their rescue, aBi Trust has partnered with Lion Assurance Co Ltd to design Uganda Agriculture Insurance Scheme (UAIS) which was established with help from the Uganda Government.
A benefactor Bonafatiri Nakalema in Nakaseke who had subscribed to insurance service beams with a smile while talking about how she lost all her beans when a drought hit the area.
"Good enough I had enrolled for insurance," recounts Nakalema. "When I saw my garden wither I lost hope. Good enough the loss was contained by the insurance policy. We were told the policy compensates: bananas, cereals, fruits, and cassava."
Mubarak Kigundu in the same neighborhood also lost his two acres of maize to the effects of drought and floods.
"At a price of sh250, 000 the insurance is affordable and makes economic sense," says Kigundu,. "When it comes to floods and drought that are a common occurrence - farming is a very risky venture today. Today I understand why there is a need to be insured as a farmer. Theft is soon to be included as livestock is at risk in our area."