Poultry and livestock production have been two of the most important subsectors of Philippine agriculture. They contribute mainly to the country’s food security, rural livelihoods, and economic development, which further proves the need to ensure stability in our poultry and livestock industry.  With the ongoing challenges in animal husbandry, like animal diseases, climate change, feed availability and cost, and even market fluctuations, it has been difficult to maintain the business and adapt to the changes. Regardless, there are ways to keep your poultry and livestock business secure. One of which is applying for poultry and livestock insurance. In this article, we will cover the importance, benefits, and the coverage of poultry and livestock insurance.

 

COVERAGE OF POULTRY AND LIVESTOCK INSURANCE

Potential Disease Outbreaks: Poultry and Livestock animals are vulnerable to various diseases. Initially, the Philippines agriculture had suffered from various animal illnesses, such as avian influenza and African swine fever. Insurance provides coverage for diseases among poultry and livestock, whether invasive, infectious, or non-contagious. This helps safeguard farmers’ assets from potential outbreaks.

Natural Disasters: The Philippines has been affected by various natural disasters, typically tropical cyclones, earthquakes, and droughts, which resulted in major damage to agriculture. These events resulted in a significant loss within poultry and livestock production. In response to this problem, insurance assists farmers in rebuilding their livelihoods in the aftermath of a natural disaster occurrence.   

Theft: Farmers and businessmen are starting to expand their poultry and livestock assets to further meet the demand of production in our country. With this, there is a chance that farmers can be victimized by theft. Availing an insurance provides them policies to cope with their losses and protects them against standard perils.

Death or Loss of insured poultry & livestock: Due to different causes of mortality among poultry and livestock animals, such as disease infections, natural disasters, and breeding or genetic improvement, this may cause to a loss of resources, which can result to an interrupted business. Insurance can help the farmers in recovering these losses and in maintaining business continuity.

Carriage/Transportation: Transporting poultry and livestock animals has been integral to this industry. In some cases, it is one of the reasons for casualties and losses among farm animals. Insurance serves as an alternative solution, in case accidents or other threats may happen during transport.   

 

BENEFITS OF POULTRY AND LIVESTOCK INSURANCE

Safeguarding farmers and their assets: Poultry and livestock insurance performs as a “safety-net” for farmers. It guarantees full support against threats, namely animal diseases, standard perils (natural disasters or theft), and business interruption. With poultry and livestock insurance, it minimizes the risk of losing.

Agricultural stability: Numerous risks are often associated with livestock and poultry agriculture. This challenge can be a hindrance to the farmers’ capability to expand their production, posing a significant threat if not supervised well. With poultry and livestock insurance, farmers can have the confidence to invest more in their business because of the financial fallback it offers in case of catastrophes.

Food security: Poultry and livestock are two of the most important sources of food in the Philippines. With various dishes that contain meat, eggs, and dairy products, this further proves the demand of animal husbandry in the country. As such, farmers should be assured in maintaining their poultry and livestock assets.

Financial security: Financial situation of the farmers represents a significant risk in the animal husbandry. This is sometimes caused by market fluctuations, feed availability and costs, and even business interruptions. Availing poultry and livestock insurance creates a protective shield against financial crisis, which can help farmers in establishing and developing their production.

Peace of Mind: The poultry and livestock industry pose various demands, encompassing animal breeding, land and water management, modernization of its production, and more. Farmers often encounter different issues based on the farm’s location, sizes, and animals they raise. Poultry and livestock insurance is beneficial in mitigating these issues.

 

The poultry and livestock industry often faces various demands and needs, such as to deliver high-quality products for consumption and for agricultural activities. It is one of the most important agricultural sectors as it strengthens the country’s food security, rural livelihoods, and overall economic development. However, as we seek its importance in our daily lives, there are numerous threats that may affect this line of business, which sometimes result in business losses.

Having insurance serves as a support system to farmers, allowing them to focus on production without the constant worry of potential setbacks. This proves insurance as a valuable tool in managing risks and providing long-term sustainability in agriculture.

At Trinity, our poultry and livestock insurance offers comprehensive security for farmers and their animals. We provide customizable services to further meet the needs of our clients. To know more about Trinity’s Poultry and Livestock insurance, visit our website: https://trinity-insures.com/pages/poultry-and-livestock-insurance or email us at: trinity@trinity-insures.com  

 

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