According to the Latvian Insurers Association (LAA), this spring farmers were paid out just under EUR 714 thousand in compensation, which is 86% less than a year ago when farmers were paid out about EUR 5 million for frozen crops (data on LAA members only).
According to data from the Latvian Environment, Geology and Meteorology Centre, the winter of 2024/2025 was the fifth warmest since 1924, or in the entire history of observations, and the average air temperature was 2.6 °C above the seasonal norm.
“This winter, we did not experience very sharp temperature fluctuations, which apparently had a beneficial effect on winter crops, so this spring farmers submitted way less claims to insurers than a year ago”, said Jānis Abāšins, President of the Latvian Insurers Association (LAA).
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