Overview
- Governor Rogelio Frigerio announced the pilot at the Exposición Rural on Friday, July 17, launching a $1 million program backed by $700,000 from the provincial government and the remainder from Iapser.
- The scheme offers free coverage for the first year for farms up to 200 hectares, with an initial cap of 100,000 hectares eligible under the pilot.
- Payouts are tiered by measured crop loss: producers receive $50 per hectare when yields fall more than 50% and up to $150 per hectare when losses exceed 80%.
- Coverage is designed to activate automatically using objective geolocation triggers together with a formal provincial agricultural emergency declaration to speed disbursements and cut paperwork.
- Iapser designed the product with local private insurers as part of a broader risk-management program aimed at protecting working capital and key value chains such as poultry, with officials saying results will be evaluated before expanding to other crops.