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Inside the new insurance scheme for banana, plantain farmers
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Inside the new insurance scheme for banana, plantain farmers
A new insurance programme designed to protect banana and plantain farmers against extreme weather events has been officially launched in Saint Lucia. It will utilise satellite data, government-backed premiums and a phased approach. Launched on July 18 under the Regional Economic Agri-Insurance Programme (REAP), the scheme is the first of its kind in the Caribbean Community (CARICOM). But how exactly will it function? Here’s how payouts, enrollme…
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