A. Macijauskas says that the damage was done on various scales.
“From 10 percent up to 100 percent loss – completely destroyed crops”, he said.
According to the interviewee, the crops suffered the most in Žemaitia, because in North-West Lithuania there was the strongest storm and a catastrophic amount of precipitation fell.
“Traditionally, in Northwestern Lithuania, the harvest starts later than in the rest of the country. Therefore, up to 20%, 80% of the harvest was harvested before the storm. the fields had still not been plowed. There is the biggest damage. The rapeseed crop was especially damaged, but beans, winter and spring barley were also affected, peas also look bad – they are stuck to the ground, it is not known whether they will be able to be picked. Losses were caused to various crops, but rapeseed stands out – the grains just fell on the ground”, commented A. Macijauskas.
Losses – up to 200 million euros
It is estimated that the damage may reach from 150 to 200 million. euros.
Most of the insured farmers will not be compensated for the latter.
“The problem is that only a few farmers are insured. Most of the market is occupied by only one player who offers his terms, which are not suitable for many. However, it turns out that a large number of those events will not be covered because they are treated as non-insurable. This is due to the fact that one player in the market dictates its terms”, says A. Macijauskas.
According to him, in such a situation, the number of farmers taking out insurance may decrease even more in the future. “It is a big disappointment to learn that they will not receive benefits in this case, even though they are insured,” A. Macijauskas emphasized.
He also explained that although insurance companies declare that they compensate for damage caused by storms, this does not always happen.
“A non-insurable event is when the winter wheat crop is laid after it has already reached waxy maturity. It doesn’t matter why such a crop is planted, in that case no compensation is paid”, explained A. Macijauskas.
Will consumers feel the consequences of the damage caused by the natural disaster? A. Macijauskas says that hardly.
“The end user will not feel it at all, because grain is a global commodity. Neither prices nor supply or demand depend on it – we suffered a loss and that’s it. But bread will be enough,” he added.
However, the interviewer admitted that exports will be lower.
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2024-08-01 06:31:02
