Ammon News - The Senate on Tuesday approved the draft law on the Agricultural Risk Mitigation Solidarity Fund for 2024, as submitted by the Lower House, aims to support the agricultural sector and enhancing its resilience in the face of challenges.

The project aims to achieve solidarity and cooperation between farmers and fund participants to address agricultural risks and mitigate their negative impacts, in addition to encouraging agricultural investment by reducing financial losses resulting from these risks.

The law stipulates the establishment of a special fund to manage this solidarity scheme, defining the duties of its management committee, its operating mechanisms, its financial resources, and its expenditures, enabling it to compensate farmers, whether they are participating or not, particularly if they are exposed to the risk of frost.