At a meeting organized by IICA, international experts underscored the importance of facilitating risk management tools for small and medium-scale producers.
With the development of agricultural insurance, producers would be able to manage the risk involved in their production activities.
At an international forum, the Institute pointed to the need to promote the agricultural insurance industry in order to support the development of agriculture in Latin America and the Caribbean.
The Puebla Declaration, which was signed on Thursday, states that agricultural insurance is the key to risk management in the face of climate change in Latin America and the Caribbean.
Technological innovations should also form part of strategies designed to reduce agricultural risks, according to the most recent technical note produced by IICA.
An IICA study suggests that in Latin America, the agricultural insurance industry could use a public-private model to promote its development. • The Institute is implementing initiatives to improve agricultural risk management systems.