Rice Income Insurance: 2.7 Billion NTD Paid to 150,000 Farmers Over 4 Years
The Ministry of Agriculture has paid 2.7 billion NTD in claims to 150,000 farmers since 2022. Starting in 2026, the basic insurance payout will increase to 25,000 NTD to further stabilize agricultural income.
📋 Article Processing Timeline
- 📰 Published: June 1, 2026 at 12:28
- 🔍 Collected: June 1, 2026 at 12:43 (15 min after Published)
- 🤖 AI Analyzed: June 1, 2026 at 12:47 (4 min after Collected)
Since 2022, the Ministry of Agriculture has implemented rice income insurance, with 2.7 billion NTD paid to 150,000 farmers by 2025. The Ministry announced today that to improve the competitiveness of the rice industry and stabilize farmers' income, the insurance covers natural disasters, diseases, and pests. The insurance is divided into 'Basic' and 'Enhanced' types. In 2026, the basic payout will increase from 20,000 to 25,000 NTD, and enrollment will be simplified.
FAQ
What is the status of agricultural insurance in Taiwan?
The government has implemented a rice income insurance program to stabilize farmers' earnings.