Congress required several changes to crop insurance as part of the 2018 Farm Bill and the Risk Management Agency has been rapidly working to get the new rules in place. That’s in addition to trying to help producers deal with extremely wet and damaging weather conditions in 2019, says RMA Administrator Martin Barbre.
As the hemp industry grows in popularity around the country, the USDA has introduced two programs to help protect hemp producers' crops from natural disasters The first insurance program through Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for fiber, grain or Cannabidiol (CBD) oil.
The 5th International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia" will take place on April 27-29, 2020 in Tbilisi, Georgia, at the Biltmore Hotel. Early-bird registration is available through February 16, 2020. From February 17, 2020 standard registration for a full fee will apply.
In order to continue promoting agricultural insurance as the main tool for risks mitigation relating to climate change, the Ministry of Agriculture, Livestock and Food Supply of Brazil will discuss with the federal government the increase of the insurance program's budget to R$ 1.5 billion in the 2021 financial year.
Armenia is at the dawn of a new era. The country has recently introduced agricultural insurance to protect poor small farmers against weather and climate risks, thereby helping to make them economically more successful. Farmers in six regions can now take out insurance policies to protect them from hail, frost and fire. More will follow.
The newly-floated tender bid inviting companies for implementing crop insurance scheme doesn't mention snowfall as one of the ‘major weather perils’ leading to crop loss. After heavy snowfall on November 7, Jammu Kashmir government introduced Restructured Weather Based Crop Insurance Scheme (RWBCIS) to cover farmers against the losses incurred on the account if ‘adverse weather’ conditions.
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