India - Titli affected farmers yet to paid crop insurance

26.12.2018 459 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
19.03.2026

USA - Long-Term Farm Borrowing Costs Likely Stay Elevated, Increasing Reliance on Insurance and Subsidy Programs

Farm CPA Paul Neiffer explains the updates to crop insurance subsidies, additional benefits for new farmers, and eligibility considerations for those entering the program.

19.03.2026

India - 48 CSC operators under lens: 27,416 bogus crop insurance claims without crop; 5 FIRs filed in Jalgaon

At least 27,416 crop insurance claims for banana cultivation were found to have been filed on land where no crop existed in Jalgaon district, which is known for banana cultivation.

19.03.2026

USA - Bear, Deer Crop Damage Impacting Farmers in Southside Va.

Deer grazing in crop fields and bears wallowing in rows of corn are creating costly headaches for farmers across Southside Virginia.

19.03.2026

Spain - 15 tonnes of dead shellfish: How Galicia’s 80% crop loss hits seafood prices

Spain has officially removed over 15 tonnes of dead shellfish from the coast of Galicia following a catastrophic 80% die-off that is set to trigger a sharp rise in seafood prices. 

19.03.2026

USA - Idalou farm battles early crop losses as volatile weather threatens the season

The growing season hasn’t officially started, but Idalou Harvest is already counting losses.

19.03.2026

India - Government Pushes Crop Diversification, MSP Procurement and Faster Insurance to Strengthen Farmers’ Incomes

India’s Union Minister for Agriculture and Farmers’ Welfare and Rural Development, Shivraj Singh Chouhan, has outlined a series of policy measures aimed at strengthening farmers’ incomes and risk protection, including crop diversification, record procurement at Minimum Support Price (MSP), reforms in crop insurance, and stricter monitoring of agricultural schemes.

18.03.2026

Nepal - Farmers at a loss for lack of insurance for banana plantation

Farmers in Rautahat are suffering losses due to the lack of insurance for banana cultivation. Farmers here have been affected by natural disasters because there is no insurance for banana farming in various local units of the district.

18.03.2026

CARICOM Chair emphasizes agriculture’s leadership role at launch of regional agricultural insurance in St Kitts and Nevis

On Tuesday, March 17, The Hon. Dr. Terrance Drew, Chair of CARICOM and Prime Minister of St. Kitts and Nevis, emphasized the critical role of agriculture in achieving food security and fostering sustainable development.