This crop insurance program aims to protect farmers from the effects of climate change through the use of digital technologies.
In collaboration with Salaam Takaful Limited, Syngenta Pakistan Limited, a leading agriculture innovation and technology company that provides crop protection, biologicals, seeds, crop-enhancement products, and digital services to millions of Pakistani farmers, has successfully piloted a weather and parametric index-based crop insurance program.
Farmers of the autumn crop from the Arifwala and Vehari regions of Punjab received payout cheques as part of the pilot at a recent ceremony, with an average payout of Rs. 8,500 per farmer.
Local farmers have praised the crop insurance program, believing that it will improve the farmer-quality community’s quality of life and catalyze progress toward making Pakistan’s agriculture sector more robust and climate resilient.
This crop insurance program aims to protect farmers from the effects of climate change through the use of digital technologies, and it is in line with Syngenta Pakistan‘s farmer-centric vision of “One Team, One Dream, Farmers’ Future,” which aims to empower farmers by creating an ecosystem that addresses all of their key pain points.
Zeeshan Hasib Baig, General Manager Syngenta Pakistan, at the ceremony said, “Agriculture is one of the most adversely affected sectors due to climate change. This year’s excessive heat and rainfall have contributed to low wheat, corn, and mango yields. In the face of this challenge, Syngenta Pakistan stands by its farmers by providing Weather Index Based Parametric Crop Insurance.
Syngenta provides farmers with high-quality crop protection products while also protecting their crops through its crop insurance partner. This year, Syngenta Pakistan’s corn crop insurance pilot project resulted in 50% payouts to growers due to unusual rains caused by climate change. This initiative is part of Syngenta’s farmer-centric vision, which aims to address farmers’ needs and solve problems they face”.
Syngenta Pakistan leads the market in crop protection and seeds. Insecticides, herbicides, fungicides, biostimulants, seed protection, and other crop enhancement products, as well as hybrid seeds, are part of the Syngenta Pakistan product portfolio. Syngenta Pakistan provides complete crop solutions for cotton, wheat, rice, sugarcane, corn, vegetables, and fruits, among others.