Devastating flooding in Queensland’s northwest is feared to have killed about 500,000 cattle and left farmers with estimated costs of $5 billion – but most is not covered by insurance. The Cattle Council of Australia says the full extent of losses is difficult to calculate, but feedback from affected properties suggests more than 500,000 animals have died.
Brazil could double its budget for subsidizing farm insurance in 2020, the country’s agriculture policy secretary said on Thursday, seemingly running counter to the new government’s pledge to slash public spending in the face of mounting debt. The government could increase its budget to subsidize premiums for insurance against potential harvest losses to 1 billion reais ($266.31 million), the Agriculture Ministry’s policy secretary Eduardo Sampaio said in an interview.
During the next few weeks, many farm operators will be finalizing their crop insurance decisions for this crop year. Producers have several crop insurance policy options to choose from, including yield protection (YP) policies and revenue protection (RP and RPE) policies, as well as other group insurance policy options.
Argentina's soya crop is battling storms that have flooded some marginal growing regions while helping yields in prime farm areas, with one grains exchange increasing its harvest forecast while another warned it may cut its 2018/19 planting estimate. The country's soya crop should reach 52 million tonnes this season, up from 50 million tonnes previously forecast.
The Iranian Space Agency (ISA) has released a report on satellite crop monitoring of the subtropical area in its Northern provinces of Gilan and Mazandaran. The monitoring is based on the imagery received from remote sensing satellites. The detailed report is provided for provincial managers in order to improve macro-management of agriculture nationwide.
A pall of gloom has descended on Arabica coffee growers in Somwarpet who are bracing up for a poor harvest caused by the untimely rains. During the previous monsoon, which witnessed heavy rains, coffee growers had suffered huge crop loss. Most of the Arabica coffee plantations had been hit by the disease.
The Agricultural Credit Policy Council (ACPC) has disbursed P1.64 billion worth of loans since the launch of its Production Loan Easy Access (PLEA) program almost two years ago. In a statement, ACPC said a total of 159 lending conduits extended loans to around 33,150 marginal and small farmers and fishers (MSFF).
The firms that earned a profit in several crores under the Pradhan Mantri Fasal Bima Yojana had failed to clear the claims of over Rs 48.7 crore to farmers across the country who had insured their crops. These companies, including 13 private and five public, had not cleared the estimated and approved claims amounting up to Rs 3000 crore but failed to compensate the farmers for their crop loss.
The Council of Agriculture alerted farmers to an increase in the breeding activity of lychee stink bugs. Now the weather is turning warmer, it advised them to use biological methods to combat the insects when fruit trees begin to blossom. Lychee stink bugs (Tessaratoma papillosa), which are often found on lychee, longan, Taiwan golden-rain and Chinese soapberry trees, are considered pests by farmers, as they feed on sprouts, the council said.
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