The pastoralist communities who purchased livestock insurance to safeguard their herds despite making payments have not received compensation for losses, saying, “The insurance we bought has not paid us.” Zonal and Oromia officials, however, maintain that payouts were implemented.
The U.S. Department of Agriculture’sRisk Management Agency approved changes to improve insurance coverage for American livestock producers. These updates will take effect for theLivestock Risk Protection, Livestock Gross Margin, and Dairy Revenue Protection insurance programs beginning with the 2026 crop year.
Farmers across Turkey are warning that extreme weather events are pushing their crops and livelihoods to the brink. A series of devastating frosts, hailstorms, and record-breaking heatwaves has wiped out major portions of the country's citrus, apricot, and hazelnut harvests, threatening not just local incomes but global food supplies.
Heavy monsoon rains and excess water released by Indian dams have caused catastrophic floods in Punjab since last week. According to the Provincial Disaster Management Authority (PDMA), at least 41 people have been killed by the deluges in the last 10 days while over two million have been affected by the floods.
Frosts and droughts have caused severe damage to fruit and vegetable crops in Serbia this year, raising concerns for growers and traders. Farmers are requesting government support to help recover from losses
The hail that hit Ararat Province yesterday damaged crops in about 20 villages. A special commission has been created in connection with the consequences of the hail that hit Ararat Province. The main damage was caused to 7-8 villages, but overall damage was recorded in about 20 villages.
Agricultural insurance has helped boost China's agricultural economy, with each one-unit increase in insurance contribution linked to an 8.99% rise in agricultural development. The impact is especially strong in China’s eastern provinces.
The National Institute of Disaster Management (NIDM) is exploring the use of GIS, artificial intelligence (AI), and machine learning for improving disaster risk assessment and crop insurance
Land Bank Insurance Company has expanded its pilot “index insurance” product with the introduction of Area-Yield Index Insurance (AYII), designed to help farmers manage financial losses caused by large-scale climatic and environmental risks.
In a landmark move to strengthen the resilience of Ethiopian agriculture, the Ethiopian Agricultural Insurance Consortium (AICE) was officially launched, pledging to extend insurance coverage to 3 million smallholder farmers by 2026. This initiative aims to shield farmers from climate-related risks and foster a more investment-friendly agricultural sector.
Government offers premium prices for staple of the national diet, but the private sector does the same for crops such as potatoes
Agra Asigurari, the national leader in agricultural insurance, is launching the new sales season for the 2025-2026 farming year. The announcement comes at a challenging time for Romanian farmers, marked by the intensification of extreme weather events, which are affecting crops earlier and earlier, causing considerable losses for farmers.
The government’s current subsidy for the Philippine Crop Insurance Corporation (PCIC) is not keeping up with farmers’ needs. While 2.3 million farmers are presently covered – including 1.25 million rice producers – the existing P4.5 billion allocation limits coverage to a maximum of P20,000 per hectare, only a third of the estimated P60,000 cost of rice production.
The Insurance Authority of Nepal (BEE) has organized a discussion and interaction program with the representatives of the insurance companies on agriculture, livestock and medicinal herbs insurance. The programme was held at the central office of NRA, Kupandole, Lalitpur.
Asia-Pacific dominated the global livestock insurance market with a 39.7% share in 2024. Globally, the market is projected to grow from $4.5b in 2025 to $8.5b by 2034, posting a CAGR of 7.4%, according to recent industry data. The market was valued at $4.2b in 2024.
A massive crop insurance scam worth around Rs 122 crore has been uncovered under the Pradhan Mantri Fasal Bima Yojana (PMFBY) after it was found that claims of over 1.7 lakh farmers were shown as "zero" despite crop damage.