Crop weather index insurance market to hit $3.3b by 2029
The global crop weather index insurance market is expected to grow from $1.81b in 2024 to $2.04b in 2025, reflecting a compound annual growth rate (CAGR) of 13%
The global crop weather index insurance market is expected to grow from $1.81b in 2024 to $2.04b in 2025, reflecting a compound annual growth rate (CAGR) of 13%
Like many other Mediterranean countries, Türkiye has faced a rising number of extreme weather events in recent years, driven by accelerating global warming. Rural farming communities are bearing the brunt of these changes.
Insurance products must become more integrated into people’s daily lives. The responsibility of insurance companies is to serve as a shield for their customers, especially farmers who are among the most vulnerable groups.
More and more growers and chain parties are using 'parametric climate insurance' instead of conventional weather insurance. This form of insurance is also gaining ground in Europe
Between April 9 and 13, Turkey witnessed an agricultural event characterized by one of the most severe frost occurrences in recent history, affecting 36 provinces. This resulted in substantial damage to agricultural production, valued at approximately 21 billion Turkish lira (about $1.14 billion).
The European Union should do more to help farmers manage the growing risks posed by climate change by expanding insurance coverage. The EU agriculture sector could see annual losses jump by as much as two-thirds by 2050 due to the increasing risk of drought and floods
The Armenian government resolved to provide partial compensation to farmers for hail damage occurring in 2024-2025. In 2024, hail caused damage to 13,000 hectares, and in 2025, over 11,800 hectares were affected. Insurance companies are reluctant to enter into contracts, despite the government subsidizing insurance by 70-80% in 2025
Different regions across Canada experienced a mix of growing and weather conditions, which affected crop and forage production in various ways this year.
Four separate land-based fish farms in Iceland – First Water, Laxey, Samherji Fishfarming, and Thor Salmon – have signed a declaration of intent to work together to responsibly and sustainably manage aquaculture waste streams.
The National Sheep and Goat Breeders Association has called for the resignation of Agriculture Minister Georgi Tahov and Food Safety Agency director Svetlozar Patarinski over delays in vaccinating animals against sheep pox, BNR reported.
The re-emergence of the New World screwworm in Mexico, more than two decades after eradication, has triggered a health crisis with major economic repercussions.
Greece is grappling with a growing outbreak of sheep pox, a viral disease spreading across multiple farming regions and endangering livestock producers’ livelihoods.
Regenerative methods are key to overcoming Cambodia’s agricultural challenges as they directly address critical issues like climate change vulnerability, severe soil degradation, low productivity, and economic instability, a senior official at the Ministry of Agriculture, Forestry and Fisheries (MAFF), observed yesterday.
On Wednesday, Members of the European Parliament (MEPs) reached a consensus on a negotiating position aimed at simplifying the European Union’s Common Agricultural Policy (CAP).
Ministry of Agriculture, Fisheries and Water Resources is studying models to manage and operate agricultural cities and nurseries through the private sector, as part of efforts to create a more flexible and attractive investment environment.
One man’s waste can be a beetle’s treasure, according to Oklahoma State University entomologist Wyatt Hoback.