Agro Damages at $320m Last Year
Economy, Domestic Economy

Agro Damages at $320m Last Year

Pests and diseases as well as natural disasters caused 12 trillion rials ($320 million) in damages to orchards and lost revenues in the last Iranian year (ended March 20, 2017), the deputy head of Agricultural Insurance Fund, Mohammad Ebrahim Hassanzadeh, said. Most of the damages pertained to the early frost that hit citrus orchards in the northern Mazandaran Province in November. About 80,000 hectares of farms were affected by the frost, while only 6,000 to 7,000 hectares or around 8% of these farms were insured. According to Mazandaran Governor Rabi’ Fallah, the extreme cold caused 9.4 trillion rials (over $240 million) in losses to orchards in this province alone. Currently, over 3.8 million hectares of farm and 400,000 hectares of orchards and 80% of poultry are under the coverage of Agricultural Insurance Fund, Mehr News Agency reported.


Short URL : https://goo.gl/sEoYD1
  1. https://goo.gl/tWrstv
  • https://goo.gl/pi7QyM
  • https://goo.gl/K70J68
  • https://goo.gl/5b8Nfs
  • https://goo.gl/1RTK0w

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Two-Month Auto Parts Import Bill: $468m
Iran’s auto parts import bill for the first two months of the...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
IRIR Unveils Suburban Rail Expansion Plans
The Islamic Republic of Iran Railways plans to expand suburban...

Add new comment

Read our comment policy before posting your viewpoints