State will subsidize agricultural insurance premiums by end-2012

The term for subsidizing the premiums for insurance against risks in agriculture by the state was extended until December 31, 2012, Info-Prim Neo reports. The initial five-year term was to expire on January 1, 2010, under the law on the subsidized agricultural insurance of 2004. The initiative to extend the term for subsidizing the agricultural insurance premiums was put forward by the Ministry of Agriculture and Food Industry. ”The subsidization of the agricultural insurance premiums during 2005-2009 showed that the farmers have an increasing interest in this type of insurance,” said Dumitru Todoroglo, the head of the parliamentary commission for agriculture and food industry.