Tag: crop insurance
Water impact on farming – navigating climate risks
The agriculture sector is integral to the South African economy. It contributes around R400 billion to GDP each year. Additionally, it supports approximately 870,000 jobs across the country. The sector also generates USD13 billion in export revenue annually. Moreover, it plays a critical role in supporting South Africa’s food security.
Agricultural insurance – mitigating climate change impact on seasonal crop production
The agriculture sector is vital for economic growth. It contributes 3% to GDP, supports 941,000 jobs, and generated US$13.2 billion in export revenue in 2023 – South Africa produces 10% of the global citrus production. But climate-induced changing weather patterns threaten the outlook for certain crop yields in 2024.
