The Chilean government has launched a new insurance policy for cattle, to allow producers to manage the economic consequences of the risks they are exposed to.
The insurance will pay out for animals stolen or dead where appropriate to allow the recovery of working capital.
As well as the insurance covering the loss of cattle through theft, it also will cover the death of cattle due to accident, illness, slaughter, death by natural events such as volcanic eruptions, ice, snow and liability damage to third parties.
Legislative amendments are also been pushed forward by the government through a law on cattle rustling, in a bid to reduce rural crime.
Source: Argentine Beef Packers S.A.
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