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While rainfall pattern is proving to be erratic in the coffee-growing areas, the number of growers who took weather insurance has dropped this year. Last year, 12,000 growers had taken insurance against the risks of the weather. Given the fact that some of the growing areas received excess rainfall during monsoon, about 8,000 growers had benefited from taking insurance.

However, this year in view of the growing areas getting rains in June, only some 7,500 growers took insurance. “Not all the 7,500 are among the 8,000 who benefited last year,” said Mr G.V. Krishna Rau, Chairman of Coffee Board.

Weather insurance, provided by the Agricultural Insurance Corporation, has to be taken against the vagaries of monsoon before June 30 every year. Therefore, if the rains come by before June 30, the growers tend to avoid taking insurance. This is why a lower number of growers opted to take weather insurance this year.

More Stories on : Insurance | Climate & Weather | Coffee

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