As we near the middle of May, many farmers are running out of time to get their crops in by the crop insurance final planting date. Are you weighing the options of switching up crops or maybe just not planting a field at all? Take the time to calculate out the option of taking a prevent plant claim, says Jamie Wasemiller, Gulke Group senior market analyst and crop insurance expert.
Agriculture is the second important sector of economy in Azerbaijan. Therefore, insurance in this sector needs to be at a high level. Firdovsi Agashirinov, head of the Insurance Supervision Department of the Financial Market Supervisory Authority of Azerbaijan (FIMSA), has told Trend that new agricultural insurance mechanism will be launched in Azerbaijan till the end of 2020.
Agriculture agents say local farmers are behind on this growing season because of cold and wet weather and UW-Extension is encouraging farmers to apply for crop insurance. Ag agents say most years, about 75 to 90 percent of corn would be planted by now. Right now they say only about 20 to 25 percent of corn has been planted at this point.
The High Court has directed the Collector of Keonjhar to sort out the issue of insurance claims made by some drought-hit farmers in the district. There has been an inordinate delay in disbursing insurance money to them, it was said. Notably, some farmers were affected by drought in 2015 in Keonjhar. Though they had paid premiums, they had not received their insurance claims for the crop loss.
A hearing last week by a subcommittee of the U.S. House Agriculture Committee on the ongoing downturn in the farm economy uncovered some holes in the farm safety net.While farmers expressed appreciation for improvements in the 2018 Farm Bill and the continuation of crop insurance as well as ad hoc disaster and trade-mitigation assistance, they also pointed out where that support has fallen short.
USDA’s Risk Management Agency recently announced updates to Annual Forage insurance for the 2020 Crop Year. Because of the 2018 farm bill, the Annual Forage pilot program now offers a Dual Use Option in select counties of six Great Plains states. Producers who select this option can insure their small grains crop with both an Annual Forage Policy for grazing and a multi-peril Small Grains Policy for grain.
Planting is running behind normal in the Northern Plains with the extremely wet winter and spring. That means more farmers will be filing prevent plant claims this season. Farm Credit Services of America held meetings to help farmers make that decision and more than 400 attended sessions Friday in Sioux Falls and Yankton.
The after-effects of Cyclone Fani is still being felt in Odisha four-days after it made landfall on May 3 with several areas reporting severe damage to land and property. Insurers said losses have already touched Rs 2,000 crore with majority of claims coming in from crop and property insurance holders.
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