2024-01-14 06:04:00
Castilla y León remains this campaign as the second community with the highest capital insured by agricultural insurance, despite the decrease of 2.5%, to 2,416 million, according to Agroseguro data consulted by Ical, which estimates that they are, “generally positive.” The Community closes with an increase of 0.5% in the number of insured animals, up to 48.6 million, and with a slight increase in production, 0.25%, up to 8.56 million tons.
Thus, herbaceous crops are the most important in the Community. The increase corresponding to the contracting of modules that cover drought in these crops stands out especially, since in 2023 (to protect the 2024 harvest) the number of insured hectares has improved, more than two percent, to exceed 33,000 . It also improves contracted production, which rises more than four percent, to 4.1 million tons, which “means that the 2024 harvest of arable crops will be much more protected from drought damage than the 2023 harvest,” as Agroseguro confirms.
However, the overall line of herbaceous crops, which includes the spring modules for hail, plus the autumn ones, registered a decrease in the area of 16%, with 1.9 million hectares, and 11% of guaranteed drop in production, with more than six million tons contracted. This decrease is explained “because the drought of 2023 has had a major impact on these productions.”
Therefore, in the spring of 2023, “when the time came to insure against hail and carry out the complementary modules, many cereal farmers did not take out the insurance because they no longer had a harvest to do so, due to the expected sharp drop in production.”
For its part, the contracting of livestock insurance grows, as does wine grapes, by nearly four percent of the area, to exceed 42,700 hectares and by 0.4% in production, with more than 234,700 tons insured. Likewise, insurance is increased in the line of non-textile industrial crops in Castilla y León, which includes important productions in the region, such as sugar beets or hops, among others.
The data from the Community have contributed to reaching a record, for the ninth consecutive year, of the insured capital in Spain, which grew by three percent, to exceed 16,918 million, driven by the insurance of the main insurance lines. The contracting of agricultural insurance has grown by 16% in 2023, up to 1,011 million euros, according to data recorded by Agroseguro until December 31, 2023.
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