India - Insurance cover for cash crops

25.03.2019 506 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
18.05.2026

USA - USDA Rolls Out Livestock Insurance Program Enhancements as Producer Premiums Top $1.7 Billion

The USDA’s Risk Management Agency (RMA) on Monday is announcing a sweeping package of updates to its three flagship livestock insurance products — Livestock Risk Protection (LRP), Livestock Gross Margin (LGM) and Dairy Revenue Protection (DRP) — beginning with the 2027 crop year. 

18.05.2026

Puerto Rico - Department of Agriculture recommends farmers seek insurance protection against hurricanes

More than 4,000 farmers applied for agricultural insurance ahead of hurricane season in Puerto Rico.

18.05.2026

Bangladesh - Sunamganj farmers face cattle feed crisis after haor crop loss

Farmers and cattle rearers in Sunamganj’s haor region are facing growing uncertainty over livestock feed following heavy rainfall that damaged paddy crops and disrupted straw collection, the main source of cattle fodder.

18.05.2026

From farm risk to value chain resilience: Food system benefits of agricultural insurance

The global landscape of agricultural risk has been changing dramatically. More frequent and intense climate and economic shocks have become the norm.

18.05.2026

Sri Lanka - Govt. to provide compensation for weather-damaged crops through Agrarian Insurance Board

Compensation for crop damage caused by the recent adverse weather conditions will be provided through the Agricultural and Agrarian Insurance Board, the Deputy Minister of Agriculture and Livestock, Namal Karunaratne has stated.

18.05.2026

Nepal - Rain inflicts crop damage worth Rs 460 million in Kavrepalanchowk

Recent heavy rainfall caused agricultural losses worth hundreds of millions of rupees in two local levels of Kavrepalanchowk district, according to official estimates.

14.05.2026

ASF outbreak deepens uncertainty for Bhutan’s pig farmers

The ministry urged farmers to immediately strengthen farm biosecurity by restricting visitors, preventing contact between domestic and wild pigs, and ensuring that any kitchen waste fed to pigs is boiled and cooked for at least 30 minutes.

14.05.2026

More focus on early detection of Nesidiocoris

In Northern Europe, the predatory bug Nesidiocoris tenuis, commonly referred to as Nesi, presents a growing challenge for tomato growers.