The #crop#insurance#market in #LatinAmerica reached a value of around USD 3.12 #billion in #2022. More even, the objective market is expected to strengthen further in the #forecast period of 2023-2028 at a sturdy pace. The impact of #climatic changes and #cropproduction#loss due to #pests are contributing to this increase in market #expansion.
Principal products protected by this insurance are #rice, #plantains, #bananas, #beans, #fruittrees, #vegetables grown in protected habitats, and a variety of other crops.
Source: EIN Presswire
