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What is Rainfall Insurance Scheme Coffee (RISC)?

April 26, 2017coffee Insurance rainfall RISC Scheme

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What is Rainfall Insurance Scheme Coffee (RISC)?

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Coffee Rainfall insurance is a unique rainfall insurance product designed in consultation with Coffee Board, Central Coffee Research Institute and Coffee growers to protect the grower against anticipated shortfall in yield due to adverse deviations in rainfall. It provides payout against deficit rainfall during the period of Blossom Showers and Backing Showers and excess rainfall during Monsoon Showers. It is not a Yield or Price insurance.