In Uruguay, a third of the crops are insured, so this drought will make the BSE have to pay what corresponds to the losses of the producers who have the policy. In total, there are more than 300,000 hectares insured with deficit or excess waterin which a yield is expected to be well below expectations, for which reason the Bank must cover the claims.
The policy covers planting costs and a little more, thus allowing producers to have a fund to replant. The damage estimate is not closed because there is still hope that there will be rains that will change the outlook.
Soy is already 60% committed
According to analyst projections, the water deficit It has already compromised 60% of the soybean crops, which are in poor condition, and this figure may increase if the weather forecasts for the next few days in which no rainfall is forecast are met.
The most affected areas are Soriano, Cologne and Flowers, who gather the 70% of Uruguay’s agricultural sector. Of the remaining 30%, Black river and paysandu they concentrate 20% of the area that is in an acceptable state, while the remaining 10% presents a heterogeneous situation, with areas where rains were recorded that provided relief and others that did not.
“It is a very complex situation because we have not had a general water throughout the summer, they have been isolated waters with showers,” he explained to scope.com the agronomist Ishmael Turban.
The expert estimated that “there is 60% of the area that already has its luck played: it will be very bad and in some it will not even yield soybean harvest. And another 40% that can have a good state, and a very small area that can have a very good state.
However, he clarified that there is still time to reverse part of the current scenario because the harvest only takes place between April and May.
Source: Ambito
