Compounding worries in drought-hit rural Maharashtra, fewer farmers across the state have received crop insurance disbursals for the 2018 Kharif season than for the 2017 Kharif season. Data shows that while 49.8 lakh farmers received payments for claims they made under the Prime Minister Fasal Bima Yojana (PMFBY) in 2017 Kharif season, 45 lakh farmers’ claims were accepted for the 2018 Kharif season.
Aa least 1,300 farmers and fishermen from 35 local government units (LGUs) in Cebu Province affected by the weather phenomenon El Niño have received P10.91 million worth of indemnity. The Cebu Provincial Government, through its partnership with the Philippine Crop Insurance Corp., contributed P4.23 million to the compensation fund.
The increased variability of weather patterns and the frequency and severity of severe weather events will have a significant effect on agricultural crop production. The impact of climate change will have a corresponding effect on the multi-peril crop insurance industry, including increased payouts due to decreased crop yields, droughts, floods, temperature changes, pests, and weeds.
At least 12,000 farmers have been paid Sh100 million for maize crop failure last season in an insurance project the government is banking on to achieve food security. Head of crop insurance at the Agriculture ministry Jacinta Ngwiri said the farmers are from 20 counties with Meru, Uasin Gishu, Bungoma, Kilifi, Nakuru and Narok registering the highest population of farmers.
As maize farmers around the country survey their crops for the 2018/2019 season, many are battling with tight margins that have prompted cutbacks on insurance in recent years. Santam has seen a decrease in gross written premiums received for crop insurance, with the figure moving down to R729 million in the year to December 2018 from R829 million in 2017.
The Saskatchewan crop insurance deadline for seeding crops to greenfeed has been extended to July 15 from the former deadline of June 30, the government announced today. Dry conditions across much of the province prompted the provincial and federal governments to today announce several measures designed to help farmers and ranchers cope.
A crop insurance company has agreed to pay a southwestern Idaho farming family $3.48 million following a lawsuit. The Idaho Statesman reports in a story on Tuesday that the Farm Bureau Mutual Insurance Company of Idaho agreed to pay Nate and Kristin Pancheri for damage to their 2016 alfalfa seed crop.
Wet weather has local farmers struggling to plant their crops. They say it's making the shortage of livestock feed even worse. Now, some dairy farmers are asking the USDA for more flexibility when it comes to federal crop insurance. Dairy groups and farmers say it hasn't been a good start to 2019 and the fear of the unknown is unsettling.
A private insurance firm has been booked for fraud after rejecting insurance claims under the Pradhan Mantri Fasal Bima Yojana in Singhwa Ragho village of the district. The complainant said the farmers were entitled to insurance cover for cotton and bajra for the 2017 kharif season. The SBI branch in Bhatla village had deducted premium from accounts of farmers and paid the firm for insurance cover.
Farmers can avail of Weather-based Crop Insurance Scheme (WBCIS) during the kharif season if arecanut and pepper vines are damaged due to change in weather conditions. Oriental General Insurance Company is in charge of Dakshina Kannada district. The scheme automatically covers farmers who availed of crop loans from banks as it was mandatory.
Unique crop insurance has been launched so farmers can protect themselves against poor yields triggered by extreme weather. It will automatically trigger pay-outs to farmers if extreme weather causes yields in their region to fall below the historic average. The policy is Britain’s first ever to insure shortfalls in cereal and oilseed rape crops.
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