The administration is revising the federally subsidized insurance program, with a planned 12% cap on underwriting gains to insurers. By placing a cap, it would lead to savings of $25.7 billion over 10 years. However, the decision to put a cap on the subsidy program would force farmers to pay a larger share of crop insurance premiums – 52% instead of 38%.
Mr. Nguyen Van Co, a farmer in Tay Hamlet in An Vinh Commune, said that he was only able to collect around 900 kilograms of fresh garlic from his 1,500-square-meter garlic field this winter-spring garlic crop. In comparison to previous years, production was up to 40 percent lower. After harvesting, he suffers a loss of VND7 million.
Agricultural damage caused by the weak El Niño in the Pacific Ocean reached P464.27 million as of Monday, March 11, based on data from the Disaster Risk Reduction and Management (DRRM) Operations Center of the Department of Agriculture (DA). There have been 22,918 metric tons (MT) of crops affected, which are mostly corn and rice, and 13,679 hectares (ha) of agricultural lands.
Julie and Craig Wood farm blueberries and are no strangers to what below freezing temperatures can do to their fruits. “The cold weather during the winter is not a problem, they go to sleep they need what is called chilling hours after they get their chilling hours and they start to wake up and they start to bloom.
Saskatchewan’s crop insurance offerings for 2019 will include a new program allowing corn growers to insure against a substantial drop in moisture. The provincial and federal government on Feb. 26 rolled out Saskatchewan’s 2019 crop insurance program, in which coverage levels on average are to reach a record $230 per acre, up from $216 last year.
In the first phase compensation will be paid to 307 farmers, who lost 100 percent of cultivation in the Ampara District. Under this phase compensation will be paid for 167 hectares of crop damaged land. The Agriculture Insurance Board has decide to pay Rs. 40,000 per hectare and the government has allocated Rs. 250 million for this purpose.
Recent figures disclosed by authorities in West Bengal have a disturbing news pertaining to the farmers. According to a recent survey in Midnapore district, a total loss of 968,45,00000 INR (about 968 crores) has occurred this Winter season due to loss of potato crop. This accounts to 2/3rd or 60-70% of the total potato production.
Agricultural production areas in central and south Taiwan are suffering from drought. A report on March 5th shows that the drought had already caused 505.94 million NTD [16.36 million USD] worth of damage. The garlic industry in particular suffers from this disaster. The damage in this industry alone is already around 123.74 million NTD [4 million USD].
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