Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Governmental Decree No. 505 “On measures for the improvement of insurance system for future raw cotton and grain crops”.

Country/Territory
Uzbekistan
Document type
Regulation
Date
2019
Source
FAO, FAOLEX
Subject
Cultivated plants
Keyword
Agricultural development Cereals/grains/rice Textile plants/fibres Risk assessment/management Credit Crops/grasses Agricultural commodities
Geographical area
Aral Sea, Asia, Asia and the Pacific, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia
Abstract

This Governmental Decree establishes the procedure for insurance of the future harvest of raw cotton and cereals. It shall be applicable to all business entities, including cotton and textile producers and clusters, cultivating raw cotton and cereals. The object of insurance shall be property interests related to a possible loss of damage of crop yield as a result of insurance risks. Insurance of the future harvest of raw cotton and cereal crops and payment of insurance indemnities in case of an insured accident shall be carried out in accordance with the scheme provided in Annex 1. Local government shall allocate preferential loans to farmers for insurance of risks for yield of raw cotton and cereals based upon estimates of value of gross yield.

Full text
Uzbek
Website
lex.uz

References - Legislation

Implements

Decree No. 149 of the Cabinet of Ministers “On measures for large-scale introduction of market mechanisms in agriculture”.

Legislation | Uzbekistan | 2018

Keyword: Agricultural development, Agricultural commodities, Cereals/grains/rice, Financial agricultural measures, Fiscal and market measures, Business/industry/corporations, Fertilizers/nutrients, Equipment, Credit, Subsidy/incentive, Crops/grasses, Textile plants/fibres, Plant protection, Plant production

Source: FAO, FAOLEX