India - Titli affected farmers yet to paid crop insurance

26.12.2018 463 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
23.03.2026

Canada - Saskatchewan Government announces detailed changes to 2026 AgriStability Program

Today, Saskatchewan Agriculture Minister David Marit announced changes to the 2026 AgriStability Program, administered by the Saskatchewan Crop Insurance Corporation (SCIC).

23.03.2026

USA - Washington cherry industry seeks bigger fruit

Increasing minimum cherry size would boost returns, improve crop insurance. 

23.03.2026

India - Rs 30 cr crop insurance fraud exposed, 4 arrested

A large-scale fraud exceeding Rs. 30 crore under the central government’s Pradhan Mantri Fasal Bima Yojana has come to light, prompting the formation of a dedicated Special Investigation Team (SIT). 

23.03.2026

India - Centre approves Rs 25 crore for crop protection from wild animals in Uttarakhand

The Central Government has sanctioned Rs 25 crore to safeguard agricultural crops in Uttarakhand from wild animals. 

23.03.2026

India - Krishi Sakhi Initiative Strengthens Women Farmers Role

Krishi Sakhi Initiative Strengthens Women Farmers Role: The Krishi Sakhi Initiative was launched by the Agriculture Insurance Company of India Limited (AIC) in 2026. 

23.03.2026

Australian floods hit macadamia, avocado, and citrus production

Flooding across Queensland has affected multiple horticultural crops, with growers reporting production losses and damage to infrastructure. In the Bundaberg and Burnett regions, flooding followed the Burnett River, peaking at 7.4 metres on March 11.

22.03.2026

New technologies are unlocking farm insurance in Africa

New technologies are changing how agricultural risk is measured, priced, and managed across Africa, enabling insurers to potentially reach millions of previously excluded smallholder farmers.

22.03.2026

USA - USDA offers disaster assistance to agricultural producers in Kansas impacted by wildfire

Agricultural operations in Kansas have been significantly impacted by recent wildfires. The U.S. Department of Agriculture has technical and financial assistance available to help farmers and livestock producers recover from these adverse weather events.