NEWS
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News
01.10.2024

Australia - Growers weigh up cost of frost on damaged crops

Growers across south-eastern Australia are making some challenging decisions about the future of winter crops hit by a series of frosts over the past fortnight. Depending on the severity and extent of frost on already moisture-stressed crops, the need for fodder, and the outlook for hay and grain prices, frosted crops are being partially or fully cut for hay, sprayed out, grazed out, or deemed worth taking through to harvest.

01.10.2024

USA - Helene shuts poultry plants and twists cotton crops

Hurricane Helene shut at least two poultry plants in Georgia and North Carolina and twisted cotton crops in South Carolina in blows to U.S. food and fiber production, company and agriculture officials said on Monday. More than 100 deaths across a half-dozen states have been attributed to the powerful stormthat slammed into Florida Big Bend region

01.10.2024

India - Data on crop insurance pay out released amid farmer concerns in Mayiladuthurai, Nagapattinam districts

Farmers say data released in Mayiladuthurai was incomplete and did not reflect the ground reality while those in Nagapattinam want the government not to engage private insurance companies and to handle the issue directly

01.10.2024

USA - New to crop insurance? See the Beginner Guide to Crop Insurance by USDA

The “Beginners Guide to Crop Insurance,” recently released by the USDA Risk Management Agency, is available in Spanish and English.This guide provides basic information about crop insurance, a handy glossary of terms, contact information for RMA regional offices and links to other resources.

01.10.2024

Heavy rains inflict Rs17 billion loss on Nepal

Heavy to very heavy rainfall that continued for 48 hours last week triggered floods and landslides, causing an estimated Rs17 billion in losses to Nepal economy, according to the government preliminary report unveiled on Tuesday. Economists, however, say the actual losses could be more than three times the preliminary estimate.

01.10.2024

Canada - P.E.I. fisheries minister exploring insurance options for aquaculture industry

The P.E.I. government will help the aquaculture industry on P.E.I. with insurance measures if it can get the federal government on board as a partner.The federal and provincial governments support the agriculture industry on P.E.I. with crop insurance but that was not the case with the aquaculture, which produces 45 million pounds (24 million kilograms) of muscles and 10 million pounds (4.6 million kilograms) of oysters a year among other products.

30.09.2024

Drought in the Azores causes crop loss of up to 70%

The Terra Verde Association, based in the Azores, is currently assessing the drought impact on agricultural output, with some crops experiencing losses up to 70%. Terra Verde initiated an evaluation to quantify the damage for submission to the Regional Government, highlighting the absence of agricultural insurance in the region.

30.09.2024

Nigerian farmers lack insurance: payouts triggered by weather data offer a solution

Agriculture is hugely important to Nigeria. It makes up about a quarterof the country economy, and almost halfof the population are smallholder farmers. Most farm on less than 10 hectares of land.

30.09.2024

USA - Farmers cope with ‘nightmare’ of crop loss after flooding

A week after the catastrophic flooding in Steuben County, farmers are now seeing the extent of crop loss as water drains from fields.

30.09.2024

Korean peasants protest as climate crises, crop loss, rising costs, and cheap imports pose existential threat

Peasants nationwide gathered outside the National Assembly of the Republic of Korea. They were convening a National Congress to address an existential crisis in rural areas. The protesting peasants called for improved national policies to protect the interests of small-scale food producers amidst climate crises, crop losses, rising input costs, and price volatility.

30.09.2024

India - Heavy rainfall in Pune leads to crop damage

In Pune, heavy rainfall has led to crop damage across several areas, causing a decrease in the number of vegetable-loaded trucks arriving at Market Yard from the usual 1,200-1,500 to 1,000 on Thursday. This situation has been attributed to the adverse weather conditions experienced in Alandi, Pimpalgaon, Wada, Rajgurunagar, Kude, Pait, Chakan, Kanhersar, Kadus, Bhosari, and Haveli.

30.09.2024

Insurance on drop in cattle prices for farmers in Canada

Beef farmers located on Prince Edward Island (PEI) in Canada will be offered protection against “an unexpected drop in prices over a defined period of time” through a pilot insurance programme which has been rolled out.

29.09.2024

USA - Drought drove almost $10B in crop insurance payments to Texas farmers over 22 years

A new investigation shows that drought conditions in Texas triggered more federal crop insurance payments to farmers than any other reason and made up an astounding 43 percent of all crop insurance payments in the state between 2001 and 2022. And Texas received by far the most drought payments out of all states – over $3 billion more than the next most expensive state, Kansas.

29.09.2024

Sri Lanka - Why agriculture insurance is key to avoiding food shortages

Sri Lanks agricultural sector, the backbone of the nation’s economy and food supply, faces unprecedented risks due to climate change and unpredictable policy shifts, such as the abrupt push for organic agriculture, which led to a national crisis.In recent years, Sri Lanka agricultural sector has suffered heavily from natural disasters and ill-advised policy changes.

29.09.2024

Romania - Agra Asigurări announces record figures for damage claims

Agra Asigurări, the national leader in agricultural insurance, announces record numbers regarding damage claims for the agricultural year 2023-2024. In total, over 2400 damages have been reported due to the recent extreme meteorological phenomena Romania has faced.

29.09.2024

India - Farmers express disappointment over crop insurance scheme

Farmers have expressed disappointment over the lack of transparency in the sanction of compensation under the crop insurance scheme.A list for the 2024 crop insurance payouts was recently released, but only 68 villages out of 277 in the district were included, and of those, compensation was provided to just 16 villages. He alleged significant irregularities in the distribution of crop insurance compensation.

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