India - Titli affected farmers yet to paid crop insurance

26.12.2018 831 views
Coconut farmers affected by Titli cyclone are yet to pay amount under crop insurance scheme by its companies so far. Coconut farmers in Uddanam area paid crop insurance premium for one tree as Rs 10 for three years term in 2016 and it is in force till March 2019. With the motivation of horticulture officials farmers paid the amount to national insurance company under national crop insurance scheme (NCIC) which is applicable for horticulture crops. The NCIC is applied for both natural calamities and pesticide attack on crops. There are two categories under the NCIC one is for payment of premium for trees aged from 4 to 15 years and other is for trees aged from 16 to 60 years. Due to titli cyclone coconut trees damaged in seven Udddanam mandalas and insurance amount need to pay for total loss of tree, damage of tree and loss of yield also. As per guidelines for each tree loss insurance company need to pay Rs 1750. After payment of premium in 2016 no bonds issued to farmers and accounts also not opened in the name of farmers in banks. Now the insurance company and horticulture officials are trying to shift burden on each other to avoid liability. ‘We have yet to receive any compensation amount from insurance companies so far for loss of our crop’ coconut farmers of Sompeta mandal, Ramachandra Panigrahi, Dunna Gurumurthyand others explained. ‘We have paid Rs 5.50 crore under crop insurance for loss but we have not received premium for coconut’ National insurance company officials, Sivaji and Malathi explained. Source - https://www.thehansindia.com
30.08.2026

Serbia's Drought Halves Crop Yields, Few Farms Insured

Drought in July and August 2026 cut yields by more than half in parts of Serbia, but only 15 percent of farmland is insured. A corn policy costs about 4,500 dinars per hectare.

30.08.2026

India - Maharashtra Approves ₹23.33 Crore Aid For 17,245 Farmers Hit By Crop Damage

The Maharashtra government has sanctioned ₹23.33 crore in relief for 17,245 farmers whose crops were damaged by floods, excessive rainfall, cyclones and hailstorms. 

30.08.2026

South Korea - Daedong launches soybean-specialized combine DSF85 to cut cracking, crop loss

Daedong has unveiled a new full-feed combine focused on reducing soybean cracking and crop loss during harvest.

30.08.2026

UK drought tightens its grip on potatoes, but scale of crop losses remains uncertain

England and Wales are experiencing an exceptional drought, with potato growers facing reduced tuber growth, irrigation restrictions and increasingly difficult harvesting conditions. The evidence supports serious concern—but not every alarming headline can yet be translated into a national crop-loss figure.

30.08.2026

India Overhauls Farm Insurance Scheme with AI and Satellite Tech

India is upgrading the Pradhan Mantri Fasal Bima Yojana (PMFBY) using AI, drones, and satellite mapping to accelerate insurance claim settlements. 

30.08.2026

Kenya turns to digital livestock IDs to improve animal health, traceability

The system will capture information including an animal’s origin, ownership, health status, vaccination history and movements.

27.08.2026

Crop Insurance Add-Ons Surge as U.S. Farmers Expand Subsidized Coverage Nationwide

U.S. farmers sharply expanded area add-on crop insurance in 2026 after federal subsidies rose to 80%, reshaping coverage and federal costs.

27.08.2026

China grain imports in focus as crop damage hits key producing regions

Extreme heat, heavy rain and flooding across key Chinese farming regions are putting global grain and cotton exporters on alert, as markets assess whether crop damage could increase China’s import needs.