BRIDGETOWN, Barbados (CMC) – The Barbados government is moving towards establishing an agricultural insurance framework for the country and is encouraging farmers and other stakeholders to participate in a survey on the issue.

The Ministry of Agriculture, Food and Nutritional Security said the survey is directed at farmers and commercial agricultural producers and that the feedback gathered will help ensure that the experiences, needs and concerns of the agricultural community are considered as the policy framework is developed.

It said all information collected will be kept strictly confidential and that the agricultural insurance model being proposed is parametric insurance, which differs from traditional indemnity insurance.