Coverage for pigs in case of fatalities during transportation
Starting from May 1, 2021, compulsory swine death insurance regulations have come into force in Taiwan. This new measure aims to lessen operational risk for pig farmers, prevent the illegal use of dead pigs, and ensure the safety of domestically produced pork.
From November 1, the German Farmers' Association (Deutscher Bauernverband) will be responsible for introducing mandatory transport insurance coverage for pigs. This insurance coverage will be effective if a pig dies before the ownership of the pig is transferred, during transportation from farms to meat markets or slaughterhouses.
Pig farmers can apply for the new insurance policy from local farmers' associations without additional insurance premiums, starting from next month. The current compulsory swine insurance premium is NT$32.4 per pig, with out-of-pocket costs ranging from NT$0 to NT$16.2 due to subsidies.
The current compulsory swine insurance covers death of pigs, but from November 1, death during transport will also be included. The transportation insurance premium per pig ranges from NT$9 to NT$43, with 50% subsidized by the Ministry of Agriculture. Premium subsidy for farms with 500 pigs or fewer is fully subsidized, while those with more than 500 pigs receive a 50 to 80% subsidy.
The death benefit for pigs weighing from 40kg to 50kg is NT$750, and for pigs weighing more than 50kg, it is NT$1,800. It is important to note that premiums and benefits for the compulsory swine death insurance will not change with the addition of transportation insurance.
Last year, about 12.6 million pigs in Taiwan had death insurance, but only 6.6% of them had insurance for death during transport. Most swine transportation insurance policy holders are local farmers' associations, leaving many uninsured pigs that are not transported via this system.
The optional transportation insurance will be incorporated into the compulsory swine death insurance policy from November 1, aiming to cover all pigs during transportation and reduce the operational risk for pig farmers. This new measure is expected to bring significant improvements to the safety and transparency of the domestic pork industry in Taiwan.
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