OREANDA-NEWS. June 09, 2009. ROSNO’s Chuvashia branch has concluded two insurance contracts with the local agricultural enterprises — OJSC Vega, Kozlovsky district, and Rodnik Ltd., Yantikovsky district, for the total amount of 12,906,840 roubles.

The insurance protection has been provided for spring barley crops at Vega farm (area of 387 ha) and potato crops at Rodnik farm (area of 100 ha). The concluded contracts contemplate payment of insurance compensation for the damage inflicted to crops by the following natural phenomena hazardous for agricultural production: drought (atmospheric and soil ones), frost, winterkill and rotting, hail hit (in case of big-size hail), dust and sand storms, earthquakes, avalanches, mudflow, spring tide, and soil overmoistening.

The insurance contracts have been concluded for the agricultural season of the year 2009 — till September and October respectively.