Cope with losses due to natural hazards
Recover financially
Adopt climate-resilient practices
All of the above
Answer is Wrong!
Answer is Right!
The correct answer is: d) All of the above.
Crop insurance schemes can help farmers cope with losses due to natural hazards, recover financially, and adopt climate-resilient practices.
- Cope with losses due to natural hazards: Crop insurance can help farmers recover from losses caused by natural disasters such as floods, droughts, and pests. This can help farmers stay in business and continue to produce food.
- Recover financially: Crop insurance can provide financial assistance to farmers who have suffered losses due to natural disasters. This can help farmers cover the costs of replanting crops, repairing damaged equipment, and paying for other expenses.
- Adopt climate-resilient practices: Crop insurance can encourage farmers to adopt climate-resilient practices, such as planting drought-tolerant crops and using water-efficient irrigation methods. This can help farmers reduce their risk of losses from future climate change events.
In addition, crop insurance can provide farmers with peace of mind, knowing that they will be financially protected if their crops are damaged or destroyed. This can help farmers make long-term investments in their farms and continue to produce food for the world.