India - Insurance firms fix low rates, put farmers in trouble

09.02.2017 380 views
The drought-hit farmers are now a worried lot, upset over the  Pradhan Mantri Fasal Bima Yojana and private insurance companies. According to farmers, the private insurance companies are trying to pay them a low amount as insurance by taking into account the sowing period as the crop loss period instead of the harvesting period. After the monsoon failure and the non-receipt of Cauvery water, farmers in the delta region managed to cultivate crops with groundwater. Despite having  grown the crops, the unprecedented rainfall destroyed it completely. Meanwhile, adding to the worries of the farmers who were expecting insurance for the failed crops, insurance companies were considering only the sowing period as against the harvest time. “With the Pradhan Mantri Fasal Bima Yojana, the State and Central governments are only paying subsidies up to 26%. Afterwards, if there is any crop loss, the governments point towards the private insurance companies. Now, the private companies are playing games in connection with the insurance amount,” said ‘Cauvery’ Dhanapalan, president, Cauvery Delta Farmers Association. According to him, the insurance companies were considering crop loss as the loss which happened during the period of sowing, whereas the truth was that 90 per cent loss had occurred. “If the insurance companies consider the loss during the sowing period, farmers could get just `6,000 per acre as insurance. But actually the loss happened only during harvest time. If the companies consider the loss at the time of harvesting, they have to provide `26,000 per acre as insurance,” he added. Questioning the way crop assessment was done, Cauvery Delta Farmers Associations office-bearer Guru Gobi Ganesan said, “Nowadays, the officials are assessing the crops on the basis of villages. The place chosen for crop-cutting experiment is most often in well-grown parts. Despite 90 per cent of agricultural lands having become barren with the drought, the officials are assessing the remaining 10 per cent areas where crops have grown well.” Source - http://www.newindianexpress.com
19.04.2026

India - Fruit growers press for crop insurance, MIS revival

Responding to the concerns, Minister Javid Ahmad Dar, who chaired the meeting, assured the delegation that all issues would be examined and addressed in a phased and time-bound manner.

19.04.2026

Canada - How Saskatchewan’s satellite forage insurance program is going to work

Saskatchewan Crop Insurance Company shared some of the in-depth details ahead of the program’s inaugral year during the Sask. Stock Grower Association’s semi-annual meeting.

19.04.2026

Farmers in Nepal Face Repeated Losses as Government Compensation Remains Unfulfilled

In late Ashoj and early Kartik of 2078 BS, unseasonal rainfall across Nepal, including Jhapa, caused massive damage to ripening paddy crops. 

19.04.2026

Egypt - Agriculture Minister approves EGP 154m in new funding for National Veal Project

The National Veal Project, chaired by Alaa Farouk, Minister of Agriculture and Land Reclamation, has approved new financing worth EGP 154m for 110 beneficiaries, including small-scale breeders and young graduates, to support the rearing of 2,200 head of livestock. 

19.04.2026

Advocacy workshop on strengthening climate risk financing, isurance for coastal Bangladesh held

An advocacy workshop titled “Strengthening Climate Risk Financing and Insurance for Coastal Bangladesh” was held on Thursday  at Conference Hall of Hotel Western Inn, Khulna. 

19.04.2026

USA - Congress allocated $53M for CT farmers in 2024. USDA secretary claims it’s ‘at the finish line’

It’s been nearly a year and a half since Congress passed disaster relief for small and midsized farmers, and the long-awaited federal block grant is “at the finish line for Connecticut,” according to Agriculture Secretary Brooke Rollins.

16.04.2026

USA - Forecast Performance of RMA Expected Yields: Comparison of Yield Projection Methods

Building upon the analyses discussed in the Farmdoc Daily articles of Jan. 27, 2026 and April 1, 2026, this study finds that the current method used by USDA’s Risk Management Agency (RMA) provided the least accurate projection of actual RMA county yields across the five crops and four projection methods examined in this study. 

16.04.2026

Philippines - DAR orients agrarian beneficiaries on crop insurance

The Department of Agrarian Reform (DAR) facilitated an orientation workshop for the agrarian reform beneficiary organizations (ARBOs) from the provinces of Surigao del Norte and Dinagat Islands to strengthen their access to crop insurance and equip them to become authorized underwriters of the Philippine Crop Insurance Corporation (PCIC).