ISET

An agro insurance program was started in September 2014. The program is subsidized by the state and eight insurance companies participate in the program. The insurance package covers losses caused by hail, flooding, and storms, as well as by autumn frost (covered only for citrus). Since the beginning of the program, 49.3 thousand farmers (unique beneficiaries) have purchased insurance. The demand was particularly high in 2014 and dropped afterwards due to the reduction of the state subsidy from 90% to 70%, advancements to the program start date in later years, and the introduction of new requirements throughout program implementation.

While in 2016 and 2017 there was an increasing trend in the number of insured farmers, in 2018 the number of beneficiaries declined again due to the requirement that the insured land plot be registered in the public registry.

In 2018, the highest number of farmers was insured in Kakheti (2.92 ths.) and most farmers insured vineyards (3.66 ths). From the beginning of the program until now, the program has had the highest number of insured farmers from Adjara, and citrus has been the top crop insured. This is not surprising, given that citrus is the leading crop in Adjara.


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Agri Review Recent Publications


  • JUNE 2019 | AGRI REVIEW

    The share of the rural population in the total population decreased slightly, from 42.6% in 2015 to 41.3% in the beginning of 2019. The share of agriculture in total GDP has also declined, from 9.1% in 2015 to 7.7% in 2018. While production figures have gone up, there was a 6.4% increase in agricultural production in 2018 compared to the previous year. Production in the plant-growing sector increased by 10.9%, and animal production experienced an Read More
  • MAY 2019 | AGRI REVIEW

    An agro insurance program was started in September 2014. The program is subsidized by the state and eight insurance companies participate in the program. The insurance package covers losses caused by hail, flooding, and storms, as well as by autumn frost (covered only for citrus). Since the beginning of the program, 49.3 thousand farmers (unique beneficiaries) have purchased insurance. The demand was particularly high in 2014 and dropped afterwards due to the reduction of the Read More
  • APRIL 2019 | AGRI REVIEW

    In 2018, FDI in agriculture constituted 15.9 mln. USD. While the total FDI in 2018 was lower than in 2017, FDI in agriculture has significantly increased (by 28.2%). The highest FDI in agriculture was observed in the second quarter of 2018, while there was divestment (negative FDI) in the first quarter of 2018. The divestment was quite small and was followed by a significant increase in other quarters. Given that demand for food is likely Read More
  • MARCH 2019 | AGRI REVIEW

    According to GeoStat’s preliminary data for 2018, Georgia’s economy grew by 4.7%- the same rate as in 2017. As 2017 was a challenging year for Georgian agriculture, the sector experienced -3.8% negative growth. Unlike 2017, agriculture in 2018 had a positive and rather modest growth rate of 0.7%. As expected, agriculture keeps proportionally shrinking within the country’s overall GDP- it stood at 7.7% in 2018 compared to 8.0% in 2017. The weak stake of agriculture Read More
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    Underdevelopment of the land market is a major obstacle behind the development of Georgian agriculture. A significant number of unregistered plots of land prevent land consolidation and increases in agricultural productivity. According to the Ministry of Justice, as of February 2019, in the framework of the land registration reform, since 2016, there are 543,139 citizens who have registered 130,943 ha of land; 1,431 legal entities which have registered 1,793 ha; and 34,131 state entities with Read More
  • JANUARY 2019 | AGRI REVIEW

    Georgia’s food & agricultural exports almost hit their 1 billion USD threshold, attaining a historic maximum since independence – and that certainly sounds like something to celebrate! However, the respective imports have also increased and broken records. As a result, the trade balance (the difference between export and import) remained virtually unchanged at (-394) million USD. Although, compared to 2017, export increased by 23.2% (181 million USD), while the respective imports grew by only 15.5% Read More
  • DECEMBER 2018 | AGRI REVIEW

    On April 3, 2015 the Government of Georgia adopted a technical regulation in the dairy sector in order to define major principles for the production, processing, and distribution of dairy products. Later in 2017, the regulation was amended and the law now strictly regulates the labelling of dairy products and particularly the use of terms such as “cheese” and “butter”. According to the regulation, a product can be called “cheese” only if it is produced Read More
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