Advanta partners nurture.farm to offer germination risk cover for its forage crop seeds
Seed company Advanta has partnered with nurture.farm to launch the Nutrifeed Germination Scheme, which aims to protect farmers from seed failure of forage crops (Nutrifeed Hybrid Millet Forage). As part of the risk coverage, farmers are compensated if seeds of forage crops such as sorghum, millet and maize do not germinate within 15 days of sowing. Germination failure results in large-scale losses for growers; Thus, this scheme helps fill in the essential gaps.
Prashant Bilgamwar, Regional Head – Asia, Africa & Greens International, Advanta Enterprises Limited said, “Our hybrid feed has set the benchmark for green forage. Farmers love and value this hybrid for its huge yield potential, multiple cuttings that ensure regular availability of forage, and very low incidence of pests and diseases. , and feeds with high nutritional value that have a high protein content and high digestibility, which reduces the dependence on concentrates and leads to increased milk production and ultimately more gains for farmers.
By expanding germination risk coverage in partnership with nurture.farm, we give growers confidence that their risk is covered if seeds fail to germinate due to environmental stress. He can confidently move forward and make strides in his dairy farms. The germination hazard cover was born out of our belief in Nutrifeed. We have developed a product that guarantees germination by engineering quality seeds that are resistant to climate and environmental changes. Partnering with nurture.farm to offer farmers the Germination Risk Coverage Scheme is our promise to them of guaranteed germination and reduced risk, be it weather, temperature, crop loss or financial risk.“
Vivek Lallan, Chief Insurance Officer at nurture.farmHe said, “India caters to nearly 20 per cent of the world’s livestock population, and forage crops are grown on less than 5 per cent of the total arable land in India. The idea behind the Nutrifeed germination scheme is to provide resilience against losses due to adverse weather conditions and protect growers from germination failure by providing risk cover that protects them from potential financial losses.
Forage crops prevent soil erosion, enhance organic carbon content, return nitrogen to the soil, and increase soil fertility. Usually, fodder crops are used for crop rotations and as fodder for livestock. Forage crops are a critical component of animal nutrition management. Therefore, germination of the forage crop and protection of farmers’ interest in case of germination failure becomes critical.”
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