SAINT LUCIA LAUNCHES FIRST PARAMETRIC INSURANCE SCHEME FOR BANANA AND PLANTAIN FARMERS.

SAINT LUCIA LAUNCHES FIRST PARAMETRIC INSURANCE SCHEME FOR BANANA AND PLANTAIN FARMERS.
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A landmark step was taken on Friday in Saint Lucia’s agricultural sector with the official signing of the island’s first-ever parametric insurance scheme for banana and plantain farmers. The initiative, backed by a $1 million allocation from the government, promises fast, automatic payouts to farmers in the event of extreme weather like hurricanes or tropical storms.

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