LIVESTOCK INSURANCE AND INDUSTRIALIZATION.

              LIVESTOCK INSURANCE AND INDUSTRIALIZATION.

  Agric insurance is important for the growth and development of the agricultural sector in any economy. The essence of agric insurance is to protect farmers from losses resulting from hazards such as accidents, death of livestock, condemnation of carcass, flood,fire,pest,disease and emergency control measures such as in case of outbreaks of African swine fever,bird flu e.t.c

 Agric insurance is also relevant in abattoir operations,with particular reference to condemnation of carcasses,organs in disease conditions and transportation accident.

 The benefits of insurance are enormous,aside the monetary compensation, there is access to professionals who over- see the project. Certified animals are procured to start the project,data of farmers collected..This  encourages proper record keeping and disease control measures.

 When animal husbandry projects are insured,there will be proper management ,food safety will be enhanced and wholesome products will be in our market.

The fear of running at a loss is the reason why producers cut corners, avoid the necessary management protocol such as vaccination,reporting outbreaks,processing dead animals. This results use of unconventional feeding practices and unauthorized drugs in production to attain market weight early.


The possibility of export will increase, if there is a structure that ensure compliance to international standards. This will ensure rapid industrialization in that sector which will promote economic growth.

The agric insurance sector though a growing industry,still has a lot to do to encourage farmers to insure their businesses. A large percentage of farmers dont access this opportunity , because of lack of proper knowledge of the policy.


This is to their detriment and to the loss of the economy on a larger scale.The farmers /producers need financial bodies to work with them,to give soft landing in case of loss and to pay commensurate compensations in cases of emergency control of diseases.

 The farmers cant access certain loans because they are not insured; premium are not fixed and certain diseases are not included in the policies.