NewsWhore
07-08-2011, 03:30 PM
The Senate passed the final reading on a bill that establishes farm insurance in the Dominican Republic. The bill now passes to the Presidency for signing into law.
The government is to set aside RD$150 million for the insurance that will benefit farms nationwide and is expected to stimulate production for domestic and export markets.
The president of the Commission for Agropecuarian Affairs of the Senate, Amilcar Romero (PLD-Duarte) said that the legislation will resolve one of the most pressing problems of farming, that is securing financing, because farm production has been seen as high risk by banks. Romero says the insurance is an incentive for banks to lend to farmers.
He said the farming sector can now with less risk invest in new technologies to be more efficient and competitive, especially for exports. He said the insurance will cover all farm activities.
More... (http://www.dr1.com/index.html#3)
The government is to set aside RD$150 million for the insurance that will benefit farms nationwide and is expected to stimulate production for domestic and export markets.
The president of the Commission for Agropecuarian Affairs of the Senate, Amilcar Romero (PLD-Duarte) said that the legislation will resolve one of the most pressing problems of farming, that is securing financing, because farm production has been seen as high risk by banks. Romero says the insurance is an incentive for banks to lend to farmers.
He said the farming sector can now with less risk invest in new technologies to be more efficient and competitive, especially for exports. He said the insurance will cover all farm activities.
More... (http://www.dr1.com/index.html#3)