Agroinsurance

NEWS

India - EC agrees for payment of crop loss compensation

06.05.2024 77 views

Heeding the request of the agriculture department, the Election Commission has allowed the state government to pay compensation for crop losses due to hail storms. The crop losses occurred between March 16 and 24 in over 15,814 acres.

A release from the department said that the payment of compensation, which was pegged at `15.81 crore, was halted as the model code of conduct kicked in on March 16 for the Lok Sabha elections. The amount will be deposited into the accounts of farmers by Monday or Tuesday and measures are being taken for payment.

The payment of compensation within one and half months after the crop loss has never happened before this, the release added.

Source - https://www.deccanchronicle.com

EVENTS

2024 AgroInsurance International Conference: New Partners and Agenda updates

26.02.2024

2024 AgroInsurance International Conference will take place on June 3-5, 2024 in Belgrade, Serbia, at the Hyatt Regency Hotel. Planet Labs (USA) and GAF AG (Germany) are sponsors of our conference. Agremo (Serbia) has been confirmed as the Organization Partner. More partners and sponsors to be announced in March 2024.

RISK EVENTS

Spain - 30% of La Palma's banana production has already been lost due to the advance of the lava

14.10.2021

More than three weeks after the Cumbre Vieja volcano erupted, the lava that continues to flow from its interior continues to devastate everything in its path, destroying houses, infrastructure, and banana plantations. The production of Platanos de Canarias is the economic engine of the island, accounting for 50% of its GDP and 30% of the jobs on the island.

Ireland - Unexpected potato shortage hits Cork and Kerry

The consistent adverse weather conditions and the decline in the number of farmers have led to a significant shortage of the Kerr's Pink potato variety, a favorite in Cork and Kerry. This scarcity has resulted in many supermarkets and independent grocers running out of stock.

17.05.2024

Ukraine - Devastating frosts lead to significant blueberry losses

Ukrainian farmers are facing a severe setback this spring due to extraordinary weather conditions. Persistent nocturnal frosts are poised to decimate nearly half of the nation's blueberry yield, as reported by EastFruit. Some agricultural enterprises are bracing for losses of up to 90%.

17.05.2024

Spain - Plum production may drop by around 25% this year in Extremadura

The first nectarines of the 2024 campaign are already being harvested in the Spanish province of Badajoz, and just like with peaches and flat peaches, the production volumes are expected to be normal.

17.05.2024

USA - Winter cold snap leads to summer without local peaches in Indiana, Southwest Michigan

Some tough news for those in Michiana wanting local peaches this year. Indiana and Southwest Michigan farmers suffered a loss of their peach crop this year, after a cold start to the year. With a combination of fragile peach buds and a cold snap earlier this year, we'll have to do without local peaches this summer.

17.05.2024

Brazil - Floods likely to affect future crop seasons

Catastrophic floods in Brazil will have long-lasting impacts for agriculture, with soaked soils making it harder for farmers to plant crops including rice and wheat for next season.

17.05.2024

USA - Kennedy introduces bill to help Louisiana farmers recover from crop loss

U.S. Sen. John Kennedy (R-La), a member of the Senate Appropriations Committee, today introduced the Quality Loss Adjustment Improvement for Farmers Act. The bill would give farmers more flexibility by improving the Federal Crop Insurance Corporation (FCIC)’s ability to set discounts for farmers who experience crop loss.

16.05.2024

Ukraine - Frost devastated plum harvests in several regions

In early May, overnight frost damaged fruit trees across Ukraine, leaving farmers grappling with significant losses. The owner of a farm in the Dnepropetrovsk region recounted that after a warm Spring, a frost on May 5th caused extensive damage.

16.05.2024

South Africa - Third season of papaya scarcity

Papaya supply is "a disaster", says a South African retail buyer, "for the third season running. The papaya crop had been expected to pick up in March and April, but in my twenty years I've not seen papaya supplies this low."