Syngenta India has entered into an exclusive agreement with the Agriculture Insurance Company of India (AIC) with an aim to safeguard farmers from unfavourable price fluctuations due to unpredictable market conditions.
The agreement will facilitate guaranteeing a fair price to farmers for their produce by indemnifying them for losses incurred due to a fall in market prices.
K.C. Ravi, chief sustainability officer, Syngenta India, said that the initiative was designed to provide small farmers the requisite shield against market price fluctuation, securing their income and supporting them to keep cultivating the preferred crop.
