NEWS
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News
12.01.2025

Nigeria - FG allocates N1.77 billion to boost animal health and livestock management in 2025 budget

The federal government has allocated N1.77 billion in new projects to boost animal health, disease prevention, and sustainable livestock management across Nigeria.

12.01.2025

8F Asset Management secures USD 460 million toward building Japan-based salmon RAS

Singapore-based investment firm 8F Asset Management has successfully closed an investment fund which it said finalizes the funding it needs to complete a land-based salmon recirculating aquaculture system (RAS) in Japan.

12.01.2025

Japan - Bird flu outbreaks strike Iwate Prefecture farms

Japanese authorities began culling some 50,000 chickens Sunday after a bird flu outbreak at a farm in the northern Iwate Prefecture region.

12.01.2025

$100 billion export target set for India’s food, agriculture sectors

India has allowed 100 per cent foreign investment in the food and beverage sector, full foreign ownership, and complete foreign management of such foreign-owned enterprises, the Minister of Commerce and Industry, Piyush Goyal, has announced.

12.01.2025

India - Gujarat, Bihar to rejoin Fasal Bima

Andhra Pradesh and Jharkhand rejoined the scheme last year while Telangana has announced rolling it out from next kharif season.Bihar has agreed to rejoin PMFBY by the next kharif season. Also, talks are on with Gujarat to persuade the coastal state to implement the scheme.

12.01.2025

The Union Cabinet approved continuation of the Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme till 2025-26

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved continuation of the Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme till 2025-26 with an overall outlay of Rs.69,515.71 Crore from 2021-22 to 2025-26. The decision will help in risk coverage of crops from non-preventable natural calamities for farmers across the country till 2025-26.

09.01.2025

Indonesian forestry minister proposes 20m hectares of deforestation for crops

An Indonesian government plan to clear forests spanning an area twice the size of South Korea for food and biofuel crops has sparked fears of massive greenhouse gas emissions and biodiversity loss.

09.01.2025

Ireland - Snowfall causing collapsed farm sheds and injured livestock leads to increase in insurance calls

Insurance companies are receiving large amounts of calls from farmers about collapsed sheds and dead animals following heavy snowfall in recent days, according to a specialist in loss assessing who has worked in the industry since 1980.

09.01.2025

Philippines - Kanlaon eruption damage to agricultural sector reaches P129.39 million

The amount of damage to agriculture caused by the eruption of Kanlaon Volcano in Negros has reached P129.39 million, according to the Department of Agriculture.

09.01.2025

South Africa farmers raise alarms amid steep decline in agricultural sector

AgriCulture South Africa (Agri SA) and the Agricultural Business Chamber of South Africa (Agbiz) have raised concerns following a sharp decline in South Africa’s agricultural performance in the third quarter of 2024.

09.01.2025

India - Nilgiris faces threat of forest fires and crop losses due to severe cold and frost

Night temperature fell to 2°C in the last week of December. On January 4, it was 2.6°C and has not increased since then.

09.01.2025

FoodTechBangladesh makes major investments in aquaculture sector with the help of Dutch government

FoodTechBangladesh, a Bangladeshi-Dutch aquaculture partnership, has achieved two major milestones with the help of the Dutch government.

08.01.2025

Pakistan - Islamic Insurance Helps Cover Muslim Farmers Battling Climate Change

The 2022 floods helped bring renewed attention to takaful insurance as a possible solution in Pakistan, which aims to shift a third of the country's financial industryfrom conventional to Islamic banking by next year.

08.01.2025

Pakistan needs to shield farmers from climate-related financial impacts

Climate change is much more than about floods and storms. Everyone remembers the ‘biblical floods’ of 2022 that devastated Pakistan’s agriculture.Pakistani farmers have long been sensing the impact of the more common perils on their crops.

08.01.2025

Turkey - Agricultural insurance pool provides massive support to farmers

The Agricultural Insurance Pool (TARSIM)issued 3.2 million policies and distributed 22.5 billion liras in state premium support and damage compensation to farmers in 2024.Hail damage led to the highest payouts at 3.7 billion liras, followed by animal deaths at 1.8 billion liras and frost damage at 1.7 billion liras. Drought, storms and flooding also resulted in significant compensation payments.

08.01.2025

China Boosts Farmer Protection With Nationwide Insurance for Major Grains

China Finance Ministry on Tuesday announced the nationwide implementation of full-cost insurance and planting income insurance policies for rice, wheat and corn, as part of a food security drive to encourage planting of staple grains. The policy is aimed at improving the level of agricultural insurance protection, stabilizing farmers’ income, supporting the revitalization of rural areas and safeguarding food security, according to a notice released with the Agriculture Ministry and the State Administration of Financial Supervision.

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