Banca Intesa in cooperation with Generali Insurance Serbia and KfW Development Bank of Germany has developed Agroprotect loan, a unique product to finance agricultural production and crop insurance policy development. Agroprotect loan is designed to finance working capital and raw materials for agricultural crops production - wheat, barley, corn, sugar beet, sunflower and soya, and includes crop insurance product that provides a safety net for basic perils - hail, fire and lightning. The loan is intended for individuals, legal entities and entrepreneurs who are engaged in farming and are registered in Vojvodina.
The State president of Bharatiya Janata Party (BJP) and MP Nandkumar Singh Chouhan has said that the farmers’ loss would be estimated using satellite and not by Patwari. Chouhan in a statement here on Sunday said that for the first time Modi Government has come up with such a strong crop insurance policy in the form of effective economic reform. The loss of farmers through disaster, sickness and infections will not be estimated by Patwari anymore. The satellite will determine the grade of the loss, thus prevent any partiality. On Rabi crop the insurance premium is 1.5 per cent and on Khareef crop the premium is 2 per cent.
For the first time the projected income of farmers would be covered under insurance policy while kisan sabhas would be held at villages to apprise farmers. Chief Minister has said that for the first time a crop insurance policy has been framed at the Central level which covers projected income of farmers. Chouhan dedicated construction works costing Rs 42 crore 75 lakh including Day Shelter undertaken by Madhya Pradesh State Tourism Development Corporation (MPSTDC) and other works at Vidisha on Sunday.
Over 50 thousand small farmers and share croppers of Ganjam district in Odisha, who had incurred losses during the devastating Phailin cyclone of 2013 are yet to receive compensation declared by the government, alleged Rushikulya Rayat Mahasangh and social organization Odisha Forum for Social Action. In a joint press conference organized in Berhampur, the leaders of both the organizations as well as peasant representatives alleged irregularities during disbursement of compensation.
Indian government action to increase spending on irrigation and crop insurance is not enough to end a cycle of indebtedness that has led to thousands of farmer suicides, and a complete overhaul of credit and subsidies to farmers is needed, activists said. Drought in many parts of the country has hit rice, cotton and other crops, and lower world commodity prices have added to the farmers' plight. More than half India's farming households are in debt, owing banks and moneylenders hundreds of millions of rupees, despite numerous loan write-offs by successive governments.
S.C. Electric & Gas donated $25,000 today to Plant It Forward, an initiative to help farmers hard-hit by losses suffered in the wake of October’s devastating floods. The initiative by S.C. Advocates for Agriculture will provide relief funds to cover a portion of seed costs for 2016, as well as hay losses livestock farmers sustained because of the flood. State officials pegged total agricultural losses from last October’s flood event at more than $500 million, which has climbed from the initial estimate of $376 million offered weeks after the disaster.
A new survey demonstrates a strong level of support for crop insurance among farmers growing a diverse set of crops across the country, and opposition to any legislative proposals that weaken this important risk management tool. The Crop Insurance Professionals Association (CIPA), which conducted the survey, released the results this week during the annual crop insurance convention. CIPA agents sought the opinion of farmers who use crop insurance to better understand its importance given the criticism from opponents of farm policy that advocate cutting the program.
Irrigation is a basic requirement for farming. But sadly, the existing irrigation infrastructure is creating problems for farmers instead of easing things for them. For example, in our area (Bullawala, Dehradun) the irrigation canals are so poorly constructed that they cannot sustain even one monsoon season. Due to erosion, a lot of construction material drains into the fields which causes a problem in cultivation. The government needs to carefully monitor the investment and infrastructure in the irrigation sector. Sugarcane is the major crop in this area (Bullawala, Dehradun).
At the center of U.S. federal agricultural policy is the farm bill, which is reauthorized approximately every five years. Normally, the next farm bill wouldn’t be introduced until 2018. Policymakers should get ahead of the process and develop a vision for the proper role of government in agriculture — one that emphasizes free enterprise as opposed to special-interest politics. The agriculture-related parts of the farm bill, which mostly consist of subsidies that benefit farmers, cost taxpayers about $20 billion a year.
The Philippine Crop Insurance Corporation (PCIC) said in a press statement that to date it has already approved claims amounting to P9.2 million. PCIC regional manager, said that these are indemnity payments for 1,700 claims which is 58 percent higher than that of the same period last year. The average monthly claim last year reached only P3.8 million, adding that they are still processing more than 2,000 claims filed in December 2015 and January 2016.
In less-developed countries, a single season of drought can lead to crop losses that threaten the livelihoods of tens of thousands of small farmers. While agricultural insurance could help, most traditional policies are too expensive for farmers in these countries. Groups such as the International Fund for Agricultural Development have sought to create index-based insurance options that pay out for losses based on an independent, objective measure linked to crop yield. But identifying that measure — finding the right trigger mechanism that recognizes the true level of risk while providing an affordable policy option — has been elusive.
The Philippine Crop Insurance Corporation (PCIC), a government-owned and controlled corporation (GOCC) under the Department of Agriculture (DA)registered two milestones last year when it shelled out more than P1 billion in insurance claims and covered more than one million farmers. In a report submitted to Agriculture Secretary, PCIC President said the agency has - surpassed the one million mark in the number of farmers enrolled by PCIC as well as the one billion mark in the amount of damage claims (we have) paid in a year.
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