the farmers in the piura and chira river valleys stand to benefit.e dam can't completely prevent damage to the plantations when el niÑo strikes. that's where the giz comes in. together with local insurance company la positiva segura, philine oft wants to persuade farmers to sign up for the el niÑo insurance scheme. until now, there is only one insurance in peru against environmental damage in the agricultural sector. >> agriculture is possibly the riskiest business in the world because it depends on the weather. the farmers can neither predict not control the weather. >> that's why the el niÑo insurance is relatively expensive. the policy holder has to pay in 7% of the cost of the damage. in the event that the damage amounts to 10,000 euros, the farmers would be paying contributions of 700 euros a year. >> i think it's a process that we will have to involve the state in, at a later date. small farmers can't afford it by themselves. the premiums are still too high and the scheme pobably can't work without state support. valentÍn ruiz and the other ban