Dhaka, Oct. 12 -- A lack of insurance protection costs Bangladesh farmers hundreds of millions of dollars in colossal crop losses perennially in onslaughts of climate-related calamities, according to independent findings.

Agricultural losses have amounted to an estimated US$700 million over the past six years since 2019 due only to nine cyclones and heavy rains, according to data collated by the Ministry of Disaster Management through assessments conducted by officials at all administrative levels-- from the lowest to the highest tiers.

While considering all types of climate-related disasters, they have found agricultural damages significantly higher, with estimates from the Bangladesh Bureau of Statistics (BBS), the country's national ...