News Local Cabinet approves fund for protection, insurance of agricultural produce

Cabinet approves fund for protection, insurance of agricultural produce

The creation of a fund for the protection and insurance of agricultural produce was approved on Wednesday by the Council of Ministers
Speaking after the cabinet meeting.

Minister of Agriculture Kostas Kadis said that the fund is part of the agricultural insurance reform that has been under discussion for many years and finally comes into implementation with the approval of the relevant bills by the Council of Ministers and taking them before the House of Representatives.

He said the reform creates a fund for protection and insurance of agricultural produce to which both farmers and the state will contribute. “All crops are covered by all dangers”, he said and explained that the contribution of farmers would be proportional to the risk, that is, measuring the risk to crops by a natural disaster.

The Minister said that the farmers` contribution will range from EUR 1.9 to EUR 32 per decare, depending on the crop, and for sheep and goats, which are also covered, 0.80 cents per sheep and goat.

He also said that in the following days, the remaining 50% of the compensation for the destruction of crops affected during the summer and autumn will be paid to the farmers, reaching the sum of 5, 5 million euros.

“With these decisions, the government shows that it stands by the Cypriot farmer”, he added.

(Cyprus News Agency)

Top Stories

President to unveil measures to combat corruption in Cyprus

President Nicos Anastasiades will unveil measures to combat corruption in Cyprus in a televised address on Thursday at 8:00pm local time. The President, along with...

Police issue 147 fines for covid measures breach over past 24 hours

Police fined 146 citizens and one establishment owner all across Cyprus over the past 24 hours for violation of measures aiming to curb the...

United States drops in global corruption index on election aftermath

"Serious departures" from democratic norms were a core factor in driving the United States to its lowest in eight years on a global corruption...

Star lawyer in scandalous Al Jazeera ‘golden passports’ video posts own sound clip

A Paralimni lawyer who had starred in a scandalous ‘golden passports’ video which brought down the House president and an opposition MP on Thursday...

Court to decide next Thursday on suspension of operation decree of toxic asphalt unit

A decree application for the immediate suspension of operation of a highly-toxic asphalt production plant in Dhali area was submitted before a Nicosia district...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...