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.
Wisconsin is among 21 states where hemp farmers will be eligible for a new pilot insurance program for their crops starting this year. This program will make Actual Production History (APH) coverage under Multi-Peril Crop Insurance available to Wisconsin farmers. The pilot program will be available to farmers who grow hemp for fiber, grain or cannabidiol (CBD) in the 2020 crop year.
The big federal ad hoc disaster programs for weather and trade and weather damage in 2019 could have heavy political consequences for crop insurance as budget hawks attack the "farm safety net," a top crop insurance advocate says. Tara Smith is vice president of federal affairs for the Crop Insurance and Reinsurance Bureau, Inc., a trade association that represents AIPs and reinsurers that give them financial backing.
After the state agriculture department earlier divided the 32 rabi districts in the state into six clusters and invited tenders for the implementation of the Centre’s flagship farm insurance scheme, no bids were received for 10 districts. With farmersacross 10 districts not being able to avail crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY), the state government set up a ministerial committee to look at alternate ways to compensate farmers facing crop loss due to climate change.
Last week, the Florida Department of Agriculture and Consumer Services offered a reminder to Florida’s tomato and pecan growers of the approaching crop insurance deadline. Growers have until January 31, 2020 to apply for crop insurance coverage for the 2020 crop year. Current policyholders who would like to make changes to their existing coverage also have until the January 31 sales closing date to do so.
Hemp farmers in 21 states will be eligible for a new crop insurance pilot program starting next year, the U.S. Department of Agriculture (USDA) announced on Monday. The program will provide Actual Production History coverage, which insures farmers against yield losses associated with natural causes like drought and disease.
A decision has been signed in Azerbaijan’s Cabinet of Ministers on products subject to agricultural insurance, Trend reports with reference to Azerbaijan’s Cabinet of Ministers. In June 2019, a law on agricultural insurance was adopted in Azerbaijan, and in August 2019, by the decree of Azerbaijani President Ilham Aliyev, the Agricultural Insurance Fund was established.
Narayan Amre, a soyabean grower in Maharashtra’s Palghar, knew he was ruined when devastating rains in August washed away the entire crop on his four-hectare farm. “It’s a 100% loss,” he says. Some of Amre’s losses will be covered by crop insurance, but it’s unclear when compensation will be paid and how much losses, in value terms, will be accepted by the insurance surveyors, he adds.
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