Insurance policies used as collateral
The numbers of farmers who do insurance for their cattle in Matabeleland have increased in the last two years. Score increases were 80 percent this year. Jupiter insurance company’s marketing executive, Sindiso Sibanda told that farmers are aware of the importance of insuring their livestock, such as an insurance policy that used as collateral when they will make accessing the funds.
“Financial mansion like CBZ, MBCA, Agribank and ZB banks now provide the opportunity for farmers to use their policy as collateral when they want to access funds. Many farmers came to us after it was announced to first ensure their livestock,” he said. The organization uses and the provision of agricultural inputs by making the livestock and crop farmers insurance a prerequisite for access to materials.
“Insurance is also experiencing an increase in wheat by 70 percent, tobacco 80 percent and maize by 60 percent. However, farmers still need a teaching about the importance of insuring their farm along with their cars, watering systems and even the workers. Currently the number position in the 50 percent, “Sibanda said. Jupiter and the Zimbabwe Farmers Union Insurance have forced the alliance to the development of agricultural policies that exist in nature.