India - Titli affected farmers yet to paid crop insurance

26.12.2018 838 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
02.09.2026

Philippines - Bayambang declares state of calamity over P31-M agricultural losses

The municipal council of Bayambang has placed the town under a state of calamity after Tropical Storms “Luis” and “Maymay” and the enhanced southwest monsoon, or habagat, caused more than P31 million in agricultural losses.

02.09.2026

USA - Lynndyl farmers assess crop losses after 100 mph winds and hail

Farmers in and around Lynndyl are beginning to assess severe losses after a powerful weekend storm ripped through fields with destructive winds and hail just as some crops were nearing harvest.

02.09.2026

USA - New Insurance for Breeding Heifers

New LRP Coverage Aims to Reduce the Risk of Retaining Heifers for Breeding.

02.09.2026

Corn's $6 Surprise Could Change the Profit Math for U.S. Farmers

Corn may already be worth more than the board suggests as farm payments and incentives add about 52¢ per bushel to producer revenue.

02.09.2026

Philippines - Iloilo turns over P10M for farm, fishery insurance

The Iloilo provincial government has turned over P10 million to the state-owned Philippine Crop Insurance Corp. (PCIC) to expand insurance protection for farmers and fisherfolk vulnerable to losses from El Niño, La Niña, typhoons, pest infestations and other calamities.

02.09.2026

India - AP sees 1,263% rise in non-loanee crop insurance

The State witnessed a remarkable 1,263% jump in non-loanee farmer registrations, with their participation rising from 2 lakh in the previous Kharif season to 25.26 lakh farmers this year.

01.09.2026

South Africa - Grain SA calls for affordable crop insurance as dry weather threatens Swartland wheat

Severe rainfall shortages threatening the Swartland wheat crop have highlighted the need for government support to make crop insurance affordable for dryland producers.

01.09.2026

USA - Florida farms face nation’s highest disaster loss rate

Natural disasters destroy billions of dollars in U.S. agricultural production each year. From drought and wildfires in the West to hail in the Midwest and hurricanes in the Southeast, farms lose an average of $5.1 billion in crops and livestock annually, according to the Federal Emergency Management Agency.