Barbados is among Caribbean nations to benefit from a programme providing agricultural insurance for farmers in the region.
The Regional Economic Agri-insurance Programme, ‘REAP’ was launched in Guyana.
Spearheading this initiative is Lynch Caribbean Brokers.
REAP offers insurance products that provide direct payouts to cover production costs and business interruptions.
CARICOM Assistant Secretary-General, Economic Integration, Innovation and Development, Joseph Cox says the programme is significant given the impact of climate change on member states.
Managing Director of Lynch Caribbean, Damien Bowen says the company – a leading regional broker is proud to power the regional private sector partnership.
He says similar programmes have been developed in the Dominican Republic, Argentina and Mexico.
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