India - Insurance companies accelerate pay-outs on crop loss

14.01.2022 1250 views

Following repeated reminders from the office of the Agriculture Commissioner, insurance companies have settled the majority of crop loss claims in the state. To date, 44.26 lakh farmers in the state have received Rs 2,501.66 crore in way of compensation for crop loss earlier in the season.

Notwithstanding the timely onset of the monsoon, farmers in the state had to face heavy rain damaging their crop in some areas. Similarly, extremely heavy rain during the withdrawal phase of the monsoon had seen farmers reporting crop loss in many areas. Cultivators in Marathwada, Konkan, Vidarbha and North Maharashtra region suffered maximum damage. A total of 47.65 lakh farmers in the state had filed claims worth Rs 2, 512.81 crore.

While claims were submitted on time, insurance companies delayed settling the same. Farmer organisations like the Kisan Sabha had led numerous agitations for the early settling of the claims.

Agriculture Commissioner Dheeraj Kumar had issued repeated notices to the insurers, warning them of action in case the claims were not settled soon.

Insurance companies had blamed the delay in joint survey and non-payment of the state government’s share as reasons behind the late settlement of claims. Over the past few seasons, claims for crop loss have seen an increase given the frequent incidents of unseasonal rains. The insurers have claimed that the business was loss-making for them. However, there is rising demand for a relook into the whole scheme as the insurance companies had made record profit in good seasons.

According to the latest figures of the 37.35 lakh farmers, who had filed claims of crop loss, 33.99 lakh have received their payment. Of the total Rs 2,278.52 crore claim amount, Rs 2082.40 crore has been paid to the farmers. Officials of the Agriculture Commissionerate said that three companies now have major pending claims and they are expected to be cleared in the next few days.

Nearly 11.30 lakh farmers had filed claims for mid-season adversity (unseasonal rains in the middle of the season mostly in September-October). The total claims filed were around Rs 430.41 crore. In this category, 10.27 lakh farmers have received Rs 419.26 crore by way of compensation.

Source - https://indianexpress.com

27.08.2026

Crop Insurance Add-Ons Surge as U.S. Farmers Expand Subsidized Coverage Nationwide

U.S. farmers sharply expanded area add-on crop insurance in 2026 after federal subsidies rose to 80%, reshaping coverage and federal costs.

27.08.2026

China grain imports in focus as crop damage hits key producing regions

Extreme heat, heavy rain and flooding across key Chinese farming regions are putting global grain and cotton exporters on alert, as markets assess whether crop damage could increase China’s import needs.

27.08.2026

Philippines - Benguet crop loss worst in Cordillera

The strong monsoon rains that have been pouring in the Cordillera region for nearly three weeks now have cost vegetable-producing Benguet province up to P446.55 million in farm losses, according to data consolidated by the Regional Development Council on Wednesday.

27.08.2026

USA - Bear damage costs Benzie County farmer at least $40,000 across 1,100 acres of corn

Corn growers around northern Michigan are getting a really good look at how this year's crop is shaping up before harvest, but one of them in Benzie County is getting to see a lot more than that.

27.08.2026

India - Shivraj Singh Chouhan reviews summer moong procurement and crop insurance in Madhya Pradesh

Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan on Thursday conducted a virtual review meeting with the Agriculture and Horticulture Ministers of Madhya Pradesh at Krishi Bhawan, New Delhi.

27.08.2026

India - Demand to withdraw farmer ID mandate for crop procurement

The Andhra Pradesh Koulu Rythu Sangham (AP Tenant Farmers’ Association) has demanded that the State government immediately withdraw its decision to make Farmer ID (Unique Farmer Number) mandatory for selling crops at government procurement centres, stating that the move would severely affect tenant farmers. 

26.08.2026

Lithuania declares nationwide emergency after storm causes heavy damage

Lithuania’s government declared a nationwide “extreme situation” Wednesday following a severe weekend storm that caused extensive damage to crops, livestock and agricultural infrastructure.

26.08.2026

Cameroon Sets 2026 Planting Windows to Help Southern Farmers Reduce Crop Losses

Planting too early or too late can cost farmers part of their harvest. Cameroon’s National Observatory on Climate Change, or ONACC, has now set rainfall and planting windows for the second 2026 farming season across the country’s southern regions, giving producers a tool to reduce weather-related crop losses.