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The government of St. Kitts and Nevis has welcomed the inclusion of the country in the new Regional Economical Agri-Insurance Programme (REAP), developed by Lynch Caribbean Brokers Ltd. of St. Vincent and the Grenadines.
The announcement came during the 19th Caribbean Week of Agriculture (CWA 2025).
Agriculture Minister Samal Duggins said the programme is vital for national resilience, noting that farmers and fishers face increasing risks from climate change, disasters, pests, and market instability. He called REAP a crucial safety net that will allow producers to recover quickly after setbacks.
Under REAP, local farmers and fishers will be insured against losses caused by weather events, market shifts, and other natural risks.
Unlike traditional insurance, the scheme uses satellite data and index-based triggers to determine payouts. When certain conditions are met, payments are made within two to three weeks, with premiums covered by the government.
The programme covers crops, livestock, and fisheries, providing broad protection for food producers. It also includes digital dashboards for better monitoring, public education campaigns, and livelihood support features.
Lynch Caribbean Brokers’ managing director, Damian Bowen, said REAP was built through consultation with agricultural experts and communities to ensure it met real needs rather than theoretical models.
He described it as a “value chain in motion” that combines technology, regional cooperation, and transparency.
St. Kitts and Nevis joins eight other CARICOM members already signed up for REAP. St. Lucia launched its programme in July 2025.
Source: Trinidad Guardian.
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