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29 04
2016
USA - Public will play a role in future of crop insurance
Considerable debate surrounds the U.S. crop insurance program, including its cost, role in farm conservation and impact on farm management and farmland values. The objective of this article is to examine the broader considerations that underpin these specific debates. Unless these broader considerations are addressed, crop insurance will likely remain a topic of debate well beyond the next farm bill. Cost to the U.S. government of its crop insurance program has increased from $3.3 billion in 2000-04 to $8.6 billion in 2010-14.
29 04
2016
USA - Caps On Crop Insurance Subsidies Would Not Devastate Growers
If you care about the environment, human health or helping small growers, you should support reform of the federal crop insurance program. After all, most crop insurance premium subsidies go to the largest, most successful agricultural businesses. And studies show that these subsidies tend to drive up the price of farmland as well as give growers incentives to plant crops on high-risk and environmentally sensitive land.
29 04
2016
India - Maha govt plans to bring 70% farmers under crop insurance net
Considering three consecutive years of drought in Marathwada region and weak monsoon last year, the government is trying to bring more farmers under the crop insurance net to compensate them for failed crops. Speaking to reporters at Y B Chavan Center near Mantralaya here today, a senior official from state Agriculture Ministry said that at present only 30 per cent of farmers are covered under crop insurance scheme Prime Minister Fasal Bima Yojana (PMFBY). "The government intends to raise this target to 70 per cent," he said.
29 04
2016
India - Drought damages Pune's banana production
Farmland close to Pune is being affected by the scarcity of rainfall, which is causing wells to dry up and forcing farmers to destroy their banana crops. The old well at Namdev Raghu Kalamkar's farm in Baner dried up about a month ago- for the first time in three generations of his family. Kalamkar had no option but to burn his banana crop, which was destroyed due to the lack of water. Kalamkar's family usually grow maize and banana, but they have suffered losses this year due to the crop drying up. The farmer complains that the government is not paying enough attention to farmland around Pune.
29 04
2016
USA - Crop Insurance Rates Based On Political Will
Americans might think that there’s a formula to determine the amount of premium subsidies growers get through the federal crop insurance program. They’d be wrong. The subsidies are based on what politicians think taxpayers are willing to pay. That’s one conclusion of a new article by Carl Zulauf, professor emeritus at Ohio State University, on the “farmdoc daily” website of the University of Illinois. Professor Zulauf says the lack of any “objective rationale” for the current mix of premium subsidy rates is likely to bring the crop insurance program under increasing scrutiny.
29 04
2016
India - Maharashtra govt to restructure crop loans worth Rs 7,500 crore
The Maharashtra government has decided to restructure crop loans worth Rs 7,500 crore issued to farmers for the kharif seasons of 2012-13 and 2013-14. The decision was taken at a meeting of state ministers held in Mumbai. Similarly, the government has also decided to extend the time limit on the payment of the first instalment of the crop loans given for the season of 2014-15. This amounts to around R350 crore, cooperation minister Chandrakant Patil said. Around 65 lakh farmers in the drought-hit parts of Maharashtra are expected to benefit from this move.