Agroinsurance

NEWS

USA - Drought and high temperatures California drive down almond supplies

19.11.2021 1350 views

Almond production in California is expected to drop 10% to 1.3 million tons this year because of high temperatures and drought. Apart from this, the return of La Niña conditions could bring another weak crop next year.

The crop shortfall threatens to drive almond prices sharply higher, with some growers expecting a price jump of 50% or more from last year’s $1.83 per pound. Almond prices’ last big spike, to $4 per pound, occurred in 2014 in the wake of another deep California drought.

California grows virtually all the almonds cultivated in the US, and accounts for 79% of global supply. Australia is the second-biggest producing country, but production gains there failed to offset declines in California, and global almond production is expected to decline by 8%, according to USDA estimates.

Source - https://www.freshplaza.com

EVENTS

ScaleAgData Stakeholder Engagement Event

22.10.2024

The ScaleAgData project is pleased to invite you to our second stakeholder event. Building on the discussions and connections formed during our first webinar, this event will focus on fostering collaboration among stakeholders, providing updates on our project’s progress, and outlining future opportunities for engagement.

RISK EVENTS

Moldova - May frosts caused heavy damage to fruit orchards

10.05.2026

The first frosty nights of May have significantly worsened estimates of damage to Moldova's fruit sector from spring frosts. According to initial assessments by fruit market operators, between a quarter and a third of the country's total orchard area was seriously affected.

EU’s livestock strategy aims to tackle animal welfare, finance, disease challenges

The European Commission has adopted its first EU Livestock Strategy alongside a Protein Action Plan, setting out measures it says will help the livestock sector deal with economic pressures, animal disease risks, environmental requirements and shifting markets.

08.07.2026

Sri Lanka - Rs. 12 billion in crop damage compensation paid to over 200,000 farmers

The Agricultural and Agrarian Insurance Board has announced that crop damage compensation totaling Rs. 12,341.5 million has been paid to 202,025 farmers affected by last year’s Cyclone Ditwah.

08.07.2026

USA - USDA Introduces More Crop Insurance Options for Forage Producers

The U.S. Department of Agriculture (USDA) is expanding coverage options to add revenue protection for forage producers in 12 states, part of the Department’s efforts to put Farmers First through improved crop insurance.

08.07.2026

Canada - Severe damage reported following weekend storm

A powerful storm that moved through southwest Saskatchewan Sunday night brought heavy rain, strong winds and hail, leaving a trail of crop and property damage in the Swift Current area.

08.07.2026

India - Rain deficit leaves TN’s Vadamalli farmers staring at heavy losses ahead of Onam

A prolonged dry spell and the failure of seasonal rains have left Vadamalli farmers in Tamil Nadu's Coimbatore district struggling to save their crop, with large stretches of flowering plants beginning to wither across Thondamuthur Block.

08.07.2026

Kenya - Fear of crop failure, auction discourages farmers from taking loans- survey

Increasing interest rates and the fears of crop failure and being auctioned are top factors that have reduced the number of farmers taking up loans for agricultural purposes.

07.07.2026

Ukraine - Cold spring delayed soybean development and increased harvest loss risk

The cold spring and low temperatures at the beginning of sowing had a negative impact on the development of soybeans in Ukraine.

07.07.2026

Severe storms drench China, leading to deaths and crop damage

China’s central and southern regions have been lashed by heavy rain that’s led to deaths and crop damage, with more extreme weather expected later this week from a strong typhoon heading toward the country’s east.