Agricultural Insurance, Current Status in Colombia

Abstract

The issue of agricultural insurance is very new for Colombia and the balances and indicators on cultivated areas and protected by purchasing minimum insurance, compared with countries such as Chile, Venezuela and Brazil, as well as Canada, the United States and Mexico. Given this situation, the paper analyzes the reasons why Colombian farmers do not transfer the risks faced by their production processes to insurance companies. It also studies the reasons that discourage the offer of agricultural insurance by insurers.