Transforming Agriculture with SANF GREEN MENS PVT LTD

Agri Insurance protects farmers and agribusinesses from financial losses caused by natural risks, market shocks, and unexpected events in farming. Its primary purpose is to provide income stability, risk management, and confidence to invest in better technologies and practices.

Agri Insurance is designed to reduce the financial impact of crop failure, livestock loss, or damage to farm assets due to events beyond the farmer’s control. It ensures that farmers and agri businesses can recover quickly, continue operations, and plan for the future without being completely derailed by a single bad season.

Risk Coverage for Crops: Protection against yield loss or damage due to drought, floods, hail, storms, pests, and diseases, so farmers are compensated when production falls.
Livestock & Asset Protection: Coverage for loss of cattle, poultry, fisheries, farm structures, greenhouses, and machinery due to accidents, disease, or calamities.
Income & Loan Protection: Insurance helps stabilize farm income and supports repayment of agricultural loans even in bad seasons, preventing debt traps and distress.
Support for Investment: With risk transferred to insurers, farmers are more willing to adopt improved seeds, irrigation, mechanization, and new practices, knowing they have a financial safety net.

Agri Insurance is a specialized form of insurance tailored to the agricultural sector, covering crops, livestock, farm assets, and sometimes even farm revenue. It recognizes the unique vulnerability of agriculture to weather, biological risks, and price fluctuations, and offers specific products such as:

• Crop insurance policies
• Livestock insurance
• Farm equipment and infrastructure insurance
• Weather-index or parametric insurance products

The main purpose of Agri Insurance is to stabilize the agricultural economy by absorbing shocks that individual farmers cannot bear alone. It helps farmers:

• Manage uncontrollable risks like drought, flood, and pest outbreaks.
• Maintain cash flow and livelihood even when production fails.
• Safeguard long-term investments in orchards, irrigation, and infrastructure.
• Build trust with lenders, making it easier to access formal credit for expansion.

Agri Insurance serves a broad range of participants in the agricultural value chain:

• Small, marginal, and large farmers growing food, commercial, or horticultural crops.
• Livestock rearers, dairy farmers, poultry, fisheries, and aquaculture units.
• Agribusinesses with warehouses, processing units, or protected cultivation structures.
• Farmer Producer Organizations and cooperatives insuring group crops or assets.

Agri Insurance operates on the principle of risk pooling and compensation based on predefined terms and assessment methods. Insurers:

• Define coverage (per crop, per season, per animal, or per asset) and premium payable by the farmer, sometimes with government subsidy support.
• Use yield estimates, loss assessment surveys, or weather/area indices to determine claims.
• Pay compensation when insured events occur, enabling farmers to restore operations and repay dues.

Farmers typically engage with Agri Insurance at key decision points in their farming and financial cycle:

• Before sowing: To insure crops or livestock for the coming season when taking loans or investing heavily.
• During the season: To stay protected against mid-season adversities like prolonged dry spells, floods, or pest attacks.
• After repeated bad years: To protect against future shocks and regain the confidence to invest.