Malaysia - Crop insurance to be introduced in 2017, says Shabery Cheek

27.10.2016 287 views
The crop insurance aimed at protecting farmers in the event of natural disasters will be introduced by the end of next year. Agriculture and Agro-Based Industry minister Datuk Seri Ahmad Shabery Cheek said the ministry is fine-tuning the insurance module and will table it to the Cabinet before introducing it to farmers. He said, at the moment, the proposed insurance scheme is still being drafted and many factors have to be considered, including feedback from the farmers and insurance companies, before it can be implemented. Shabery said the crop insurance was first proposed to the ministry by Agro Bank to be included under the 2017 Budget. However, there were many weaknesses to the draft which needed to be reviewed, he added. “I have asked Agro Bank to look into the draft and the latest date that the ministry hopes to implement the insurance is end of next year,” he told reporters after presenting aid to farmers affected by natural disasters in Kedah and Perlis. A total of 1,893 farmers affected by natural disasters in both states received a total of RM2.097 million cash aid this morning. Shabery said the ministry would also get feedback from agriculture authorities including Muda Agriculture Development Authority (Mada) and state governments on the proposed insurance scheme to ensure better implementation. Source - http://www.nst.com.my
09.09.2025

USA - Taylor County farmer arrested for crop insurance fraud

A man in Taylor County, KY, has been sentenced to 12 months and 1 day in federal prison for crop insurance fraud. Between 2014 and 2021, Hunt sold crops under the names of other people and significantly underreported his true production on crop insurance claim forms, resulting in over $1.6 million in fraudulent insurance overpayments.

09.09.2025

India - The changes aim to ensure that farmers are not denied crop insurance benefits due to the default of state governments

Union Agriculture Minister Shivraj Singh Chouhan has announced crucial modifications to the Pradhan Mantri Fasal Bima Yojana (PMFBY), citing the Centre's experience with the previous Jagan Reddy government in Andhra Pradesh. The changes aim to ensure that farmers are not denied crop insurance benefits due to the default of state governments.

13.08.2025

New area-yield index insurance helps farmers tackle climate risks

Land Bank Insurance Company has expanded its pilot “index insurance” product with the introduction of Area-Yield Index Insurance (AYII), designed to help farmers manage financial losses caused by large-scale climatic and environmental risks.

13.08.2025

Lithuania declares nationwide emergency over summer rainfall damage

Lithuania’s government on Wednesday declared a nationwide emergency after weeks of heavy summer rains caused widespread crop losses, following a proposal from the National Crisis Management Centre and the Agriculture Ministry.  

13.08.2025

Australia develops world-first biodegradable foot and mouth disease vaccine

The world’s first biodegradable vaccine for foot and mouth disease (FMD) has been developed in Australia, a country that remains free from the dreaded livestock

13.08.2025

USA - Researchers make breakthrough discovery that could transform agriculture: 'This research is important'

Scientists at Iowa State University have determined that co-locating solar panels and certain plants may be beneficial for crop production.  

13.08.2025

Fiji - Agriculture ministry tackles food waste

The Ministry of Agriculture is exploring an innovative new approach to reduce food waste by converting post-harvest losses and kitchen scraps into valuable resources like livestock feed and soil enhancers.  

13.08.2025

USA - Continuing drought affecting Vermont farmers, especially livestock farms

As dry conditions continue to spread across Vermont, one industry that is feeling the heat is the farms.