India - Insurance cover for cash crops

25.03.2019 560 views
Himachal farmers cultivating tomato, potato, garlic and capsicum can breathe easy as the commercial crops have been covered under the Restructured Weather Based Crop Insurance Scheme (R-WBCIS) for 2019-20. The crops affected by factors like high-mean temperature and low-mean temperature, deficit or excess unseasonal rainfall, fluctuation in maximum, minimum temperature and disease congenial days, which affects the rabi crop during its cultivation period, will get insurance protection. Tomato in all blocks of Solan district, Sundernagar and Balh blocks of Mandi, capsicum in Dharampur block of Solan and all blocks of Kullu district, garlic in all blocks of Kullu, Sirmaur and potato in Kangra, Bhawarna, Dharamsala and Nagrota Bhagwan in Kangra district have been covered under the scheme. The insurance coverage period will be from January to April 30, 2020, for potato, March 1 to July 31, 2020, for tomato, December 15, 2019, to April 30, 2020, for garlic and March 1 to July 31, 2020, for capsicum. “The sum insured will be Rs 1 lakh per hectare for tomato, Rs 62,500 per hectare for potato, Rs 75,000 per hectare for garlic and Rs 40,000 per hectare for capsicum,” sources in the Agriculture Department said. The premium has been subsidised under the scheme and maximum insurance premium payable by the farmer for the commercial crops during rabi season will be 5 per cent of the sum insured and the difference between actuarial premium rate and the rate of insurance charges payable by farmers will be shared equally by the Central and state governments. Insurance companies will be responsible for all payouts arising out of “Adverse Weather Incidence” strictly in terms and conditions of the scheme and payout will arise only in case of adverse weather conditions. Payouts will normally be made by the insurance companies to nodal banks within 45 days of closing of insurance period, subject to receipt of necessary actual weather data. The payouts will automatically be computed by the insurance companies on the basis of actual weather data received and automatically credited to the bank account. Source - https://www.tribuneindia.com
07.07.2026

Ukraine - Cold spring delayed soybean development and increased harvest loss risk

The cold spring and low temperatures at the beginning of sowing had a negative impact on the development of soybeans in Ukraine. 

07.07.2026

Severe storms drench China, leading to deaths and crop damage

China’s central and southern regions have been lashed by heavy rain that’s led to deaths and crop damage, with more extreme weather expected later this week from a strong typhoon heading toward the country’s east.

07.07.2026

Severe storms flooded roads and battered vineyards in northeastern Italy

Large hail and strong winds hit towns in Veneto and Friuli, raising fears of crop damage in a key wine-growing region.

07.07.2026

Australia - Bird flu compensation leaves business interruption insurance gap

The spread of H5 bird flu to a third Australian state has focused industry attention on a structural feature of the country’s animal-disease risk model that matters to underwriters and brokers: government compensation for avian influenza reimburses culled birds but excludes the business-interruption losses that often exceed them, leaving a coverage gap that the private market fills only partially and, brokers say, on tightening terms.

07.07.2026

Livestock insurance offers hope to drought-hit Somalia pastoralists

A record drought wiped out nearly half of Iido Abdikarin Abdille's herd in northern Somalia, but a livestock insurance programme is helping to ease the financial burden on pastoralists like her.

07.07.2026

Spain - The Board will sign an agreement with Enesa to share data in the management and control of aid for agricultural insurance

The Governing Council of the Junta de Extremadura has given the green light to the subscription of an administrative cooperation agreement between the regional administration and the State Agricultural Insurance Entity (Enesa), with the aim of facilitating the exchange of information for the management and supervision of subsidies for agricultural insurance contracts.

06.07.2026

Canada - Prairie Storms Expected to Generate Significant Crop Hail Claims

Golf-ball-sized hail reported in parts of Saskatchewan and Manitoba.

06.07.2026

Bangladesh - Flood forecasting technology key to reducing crop losses: IEB president

Engineers and academics on Monday stressed the need for technology-driven flood forecasting and early warning systems to strengthen Bangladesh's resilience against floods and minimise damage to lives, livelihoods and agriculture.