Monsanto Malawi has offered crop insurance to about 500 farmers whose maize seed did not germinate.
The company under its crop insurance initiative which was launched earlier this year is reimbursing maize seed to farmers’ whose initiation that they bought did not germinate.
Monsanto Malawi Country Manager, Gift Kawamba, said they expect the number of farmers to benefit under the initiative to grow as most of them in some parts of the Central and Northern regions have just started planting.
“Most farmers in Malawi like to plant with the first rains and, then, you find that the seeds do not grow very well. So, as a responsible company, we are not just interested in selling the seeds but also helping the farmers have bumper yields,” Kawamba said.
Insurance Association of Malawi representative, Zalimba Makawa hailed the concept, saying despite crop insurance being a new concept in the country, it will go a long away in growing the agriculture sector.
“We should look at this with a business perspective because the farmer invests in the seeds and if they die under the ground, the farmer loses out unlike when they insure their investment [because] they are assured of getting compensation,” Makawa said.
Controller of Agriculture Extension and Technical Services, Albert Changaya, commended efforts by the company but called for more awareness among farmers stressing that some farmers have not yet welcomed the initiative.
“This is a milestone because some farmers do not believe that they can ensure their crop either against drought or other challenges. So it is very important that farmers should be covered like that,” Changaya said.NE