After the devastating impacts of Typhoon Yagi, experts propose making agricultural insurance mandatory when obtaining bank loans, aiming to provide a lifeline to farmers facing catastrophic losses.
With the winter-crop planting campaign now completed, most of Argentina’s farmers still require well above-average rainfall throughout the balance of winter to boost soil-moisture reserves ahead of the spring, when the longer and warmer days will boost crop growth, significantly increasing plant moisture requirements.
Agriculture in Austria is struggling with the effects of the severe drought in recent weeks and months. Due to the record number of hot days, the farmers are faced with arid fields. The damage to agriculture from the drought is estimated at 150 million euros.Farmers will also have to contend with extreme weather conditions this year, from hail to floods and drought.
Wheat yields in Morocco wheat yields have reached unprecedented variability, with four of the last five years below average, as climate change accelerates growing seasons and disrupts rainfall patterns.The 2023-2024 winter crop season has been particularly harsh, with drought conditions reducing the seeded area of rainfed winter crops by almost a quarter compared to previous years.
Domestic agriculture sector is more exposed to the systemic risk of climate change than any other sector. Drought, flood, hail, and wildfires can cause tremendous damage to both crops and farm infrastructure. Crop insurance is vital in enhancing food security in South Africa. It ensures that agricultural growth is sustainable and resilient amid increasing climatic and weather-related risks.
On 1 June, the 2024 Livestock Insurance Plan came into force, which includes 12 livestock and 3 aquaculture lines.Among the main new features of the 2024 Livestock Insurance Plan is the improvement of guarantees and compensation in the coverage of milk quality in thebreeding and production line of cattle, one of the main livestock sectors in Spain.
Farmers in the State are reaping more frustration than compensation from the country flagship agricultural insurance scheme.Maharashtra has participated in the scheme every season for the past eight years since its launch in 2016-17. However, emerging details about the scheme’s utility in Maharashtra are overwhelmingly negative, raising questions about whether the State should follow Gujarat’s example and exit the programme.
The National Consumer Disputes Redressal Commission (NCDRC) recently directed the Agricultural Insurance Company of India Ltd to refund the premium paid by 61 farmers from Kurnool in Andhra Pradesh, for not disclosing all details of the crop insurance policy to them.The Commission also directed the insurance company to pay Rs40,000 to each of the farmers for mental agony, harassment and as litigation costs.
Japan Agricultural Cooperatives (JA), established after the Second World War to improve farmer productivity and economic status, now face challenges from a declining farming population and increased agricultural costs. Despite becoming a powerful financial body with profit from insurance and credit services, critics argue that JA has distanced itself from being a true agricultural cooperative.
The parliament last week approved the draft of the special law meant for backing the farmers hit by the severe drought from this year. Under this law, the farmers will benefit from the prolongation or renegotiation of the payment obligations
A 15-day deadline given to the Serbian Government by united Serbian farmers associations to start fulfilling their demands.Some actions were agreed upon with former Prime Minister Ana Brnabić after protests last year but they expired. Since they are dissatisfied with the responses from the government, the farmers are announcing a new protest.
There is an agrarian insurance system that has been operating for several years with the mechanism of public-private partnership. Currently, the number of insured plants has been increased to 41 species. Measures are being taken to expand the provision of insurance services to the agricultural sector due to the increase of the insurance subject and the number of insurance risks.
The recent storm caused an estimated VND2.5 trillion in damages to 23,595 hectares of aquaculture farms, with over 22,000 livestock and more than 3 million poultry dead. Despite these heavy losses, most farmers had no agricultural insurance coverage.
Payments related to severe spring frost in German vineyards earlier this year may run to tens of millions of euros.German vineyards in several regions suffered frost damage in late April and insurers expect payouts on customer claims to be in the ‘double-digit million’ range.
One of the few things representatives of both Presidential candidates can agree on is the importance of crop insurance.Crop insurance is a critical tool, and there needs to be bipartisan support to ensure the programs are preserved and strengthened going forward.
A crop insurance scheme by the World Food Programme (WFP) in partnership with the Ethiopian government is redefining the future of rural farming in the East African country. Launched in 2013, the scheme insures farmers against droughts, excessive rainfall, hailstorms, pests and crop diseases which have been discouraging the growers from investing in improved agricultural practices, making them even more vulnerable to climate extremes and food insecurity.