While most employees in other sectors have access to a stable pension system and health insurance, the situation in agriculture is entirely different. Many farmers do not have the opportunity to set aside enough funds for retirement during their working years, which puts them in a challenging position in old age.
According to research, as much as 65% of the income of retired farmers in Switzerland comes solely from basic state insurance. This is far below the average income of retirees from other sectors. One reason for this is that many farmers reinvest everything they earn back into production, leaving them little room for long-term financial security.
Another issue is insurance against injuries and illnesses. Farmers are exposed to physically demanding work, and injuries or illnesses can lead to a complete loss of income. Unlike employed workers with the right to sick leave and healthcare coverage, self-employed farmers often rely on minimal insurance measures or have no coverage. This means that any injury can result in the financial collapse of the farm.
In the long run, it is necessary to work on reforms that will provide better social protection for farmers. Without stable pensions and insurance, the future of rural households is at great risk. Governments must find a way to subsidize pension funds for farmers and encourage them to invest in their future before it is too late.
Source: FOKUS
