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2023 Agricultural Insurance Records Highest Accident Rate in 43-Year History, Exceeding 2022 Record by 56%

The accident rate recorded by agricultural insurance in 2023 rose to 1,241 million euros, exceeding the record of 2022 by 56%. Together with 2012, the period 2017 to 2023 is confirmed as the highest accident rate in the 43 years of history of agricultural insurancewith unprecedented compensation figures, as confirmed yesterday by Agroseguro.

Among the different meteorological phenomena causing the damage, the most notable is the drought. This has been especially notable in the first semester, with a strong impact on the development of the dryland arable crops, dry vineyard and olive grove. Specifically, Agroseguro has paid 496 million for this reason. Secondly, the strong storms It has involved payments of 375 million. They are distributed among insured producers in almost thirty productive sectors.

Las frost January and February and those of the spring have had a total cost of 61 million, while the compensation for the livestock risks have reached 163 million

With 3.5 million hectares, the damaged area is close to 60% of that insured in 2023 in agricultural production.

2024-02-01 09:40:15
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