The administration is revising the federally subsidized insurance program, with a planned 12% cap on underwriting gains to insurers. By placing a cap, it would lead to savings of $25.7 billion over 10 years. However, the decision to put a cap on the subsidy program would force farmers to pay a larger share of crop insurance premiums – 52% instead of 38%.
Saskatchewan’s crop insurance offerings for 2019 will include a new program allowing corn growers to insure against a substantial drop in moisture. The provincial and federal government on Feb. 26 rolled out Saskatchewan’s 2019 crop insurance program, in which coverage levels on average are to reach a record $230 per acre, up from $216 last year.
The AMA Innovation Lab has just launched a new project in partnership with the Ghana Agricultural Insurance Pool (GAIP) to improve the quality of agricultural index insurance available to the nation’s small-scale farmers. The improved insurance could improve crop yields, incomes and livelihoods for farmers who produce a majority of the nation’s food.
A public insurance company has rejected over 14,000 claims seeking compensation for crop loss under the Pradhan Mantri Fasal Bima Yojana (PMFBY), stating on their website that 95 per cent were duplicate entries by claimants. The Oriental Insurance Company is in charge of clusters 2 and 6 that consist districts of Beed, Jalgaon, Nashik, Osmanabad, Raigad, Sangli, Satara and Solapur.
Saskatchewan farmers will have access to record crop insurance coverage in 2019. Agriculture Minister David Marit announced that coverage levels for 2019 will increase to a record average of $230 per acre, up from $216 per acre in 2018. Premiums per acre are to increase by just 20 cents, increasing to an average of $8.61 per acre.
News Publications Documents
Africa Agricultural insurance Analitics Australia Canada crop crop insurance crop loss crop losses damage drought farmers flood frost Hail India losses News Philippines rain Risk management Russia Spain Ukraine USA USA АЧС Болезни Господдержка Казахстан Страхование урожая животноводство заморозки засуха кукуруза метеообзор озимые потеря урожая пшеница свиноводство состояние посевов соя страхование посевов субсидии урожай