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Livestock Insurance Scheme in India provided "provide protection mechanism to the farmers and cattle rearers against any eventual loss of their animals due to death and to demonstrate the benefit of the insurance of livestock to the people and popularize it with the ultimate goal of attaining qualitative improvement in livestock and their products."
Index-based insurance, also known as index-linked insurance, weather-index insurance or, simply, index insurance, is primarily used in agriculture. Because of the high cost of assessing losses, traditional insurance based on paying indemnities for actual losses incurred is usually not viable, particularly for smallholders in developing countries .
Most modern liability insurance is written on the basis of "pay on behalf" language, which enables the insurance carrier to manage and control the claim. Under an "indemnification" policy, the insurance carrier can generally either "reimburse" or "pay on behalf of", whichever is more beneficial to it and the insured in the claim handling process.
Livestock can serve as insurance against risk [45] and is an economic buffer (of income and food supply) in some regions and some economies (e.g., during some African droughts). However, its use as a buffer may sometimes be limited where alternatives are present, [ 46 ] which may reflect strategic maintenance of insurance in addition to a ...
The Livestock Indemnity Program (LIP) is a program periodically authorized and funded on an emergency basis by Congress to compensate livestock producers for losses caused by a natural disaster. Under the program, a payment is made to help producers defray the cost of replenishing their herds when livestock are killed by a natural disaster.
In older English sources such as the King James Version of the Bible, cattle refers to livestock, as opposed to deer which refers to wildlife. Wild cattle may refer to feral cattle or to undomesticated species of the genus Bos. When used without a qualifier, the modern meaning of cattle is usually restricted to domesticated bovines. [15]
Today, Dan Amos—who owns 0.5% of the company’s shares and 1.3% of voting shares—has turned his family business into a powerhouse, with more than 12,700 full-time employees globally.
An open livestock carrier with a cargo of sheep from Australia, docked in Oman. A livestock carrier is a seagoing vessel for the transportation of live animals. Typically it is large ship used in the live export of sheep, cattle and goats. Livestock carriers may be specially built new or converted from container ships.