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Public-Private Partnerships for Risk Management in Agriculture: Turkish Experience

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Publication date
09/12/2005
Number of Pages
24
Language:
English
Type of Publication:
Other
Focus Region:
Asia and the Pacific
Focus Topic:
Agricultural Value Chains / Agri-Businesses
Type of Risk:
Policy & institutional
Type of Risk Managment Option:
Risk reduction/mitigation
Commodity:
Crops
Livestock
Author
B├╝lent BORA Director Genera
Organization
TARSIM

After several unsuccessful attempts for the establishment of a sound agricultural insurance systemin Turkey,long-expected agricultural insurance law allowing public-private partnership, offering technical and economic resources topreserve the agricultural sector from suffering under difficult conditions, finally was passed in June 2005. TARSIM, a management entity, was established as a corporation by the insurance companies writing agricultural business in order to carry out all tasks of the Pool, within the context of the law. All insurance companies which have a license for selling agricultural insurance shall participate in the agricultural insurance pool with equal shares. This presentation reviews the law in Turkey and the new agricultural insurance system in Turkey.