Farmers shun insurance

Farmers shun insurance
Published: 08 May 2018
Newly-resettled farmers continue to shun insurance products despite efforts by government and the corporate sector to provide cheaper programmes targeting the agriculture sector, industry experts have said.

Zimbabwe's insurance penetration rate, which reached a high of 10 percent in the early 1990s, has been declining significantly over the last two decades with official figures showing that it dropped to a low of 1,5 percent in 2015.

Although the policy was meant to redress colonial land imbalances it resulted in significant decline in agricultural production, massive company closures and high unemployment rate.
- Daily News
Tags: Farmers,


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