NEWS
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News
17.07.2024

USA - Crop insurance loss performance in Illinois and the Midwest

Since the inception of the modern crop insurance performance program, Illinois and the Midwest have had relatively low loss ratios compared to other areas of the country. This result holds even including the 2012 drought year in a relatively short history.

17.07.2024

UK - England experienced a 19% reduction in farming income last year, attributed to flooding

England experienced a 19% reduction in farming income last year, attributed to flooding that hindered crop harvesting. The agricultural sector is facing challenges from climate change, with erratic weather conditions such as droughts and floods becoming more common.

17.07.2024

USA - East Coast farmers face catastrophic crop loss due to unprecedented drought

XtremeAg farmers in Maryland and North Carolina manage impact of drought on early planted corn and soybeans.The drought continues. The forecast has been very encouraging, 40% to 70% chance of precipitation at least 9 or 10 days of the 12-day forecast.

17.07.2024

Spain - Almond harvest to fall by 33% in the region of Valencia

For centuries, almond trees have been well-adapted to the dry conditions in the Spanish province of Alicante, but just a few days before the harvest, the Valencia region is where this crop is suffering the most, with an average production loss of 36.28% over the last four years.

17.07.2024

India - Karnataka becomes first state to record failure of winter crop

Karnataka has become the first state to witness a disastrous winter harvest this year, requesting central assistance of₹1,417 crore after rabi crop worth₹7,209 crore was damaged. The south Indian state has lost rabi crop in more than 70% of the sown area.

16.07.2024

India - Over 1,500 villages affected by floods in Uttar Pradesh

In Uttar Pradesh, more than 1,500 villages in 17 districts are affected by floods. Additionally, urban areas in Bareilly, Pilibhit, and Shahjahanpur are also impacted. Chief Minister Yogi Adityanath has reviewed the situation today and directed officials to ensure assistance to flood victims within 24 hours.

16.07.2024

USA - Triad farmers face crop losses with hot, dry conditions

Farmers across the state need rain.“This year, the wheat crop wasn’t the best. The bean crop looks terrible. The corn crop is shot,” said Ricky Canoy, the owner of Canoy Farms in Randolph County.

16.07.2024

USA - Vermont farmers facing flood recovery

On the anniversary of last year’s flood, farmers are facing another round of huge losses. The full size and scope of the damage is unclear but there is significant damage inseveral Vermont communities.

15.07.2024

European fruit processors says lack of spring impacts 2024 summer crops

Following yet another unusual spring with too much rain and not enough sun, the European fruit processing industry has strong concerns about its raw material supply. Climate change is here, is real, and its impact appears to make "normal years" the exception.

15.07.2024

China - 2024 pomelo yield projected to drop by 50%

As heavy storms have continued over recent weeks and months, the effects of the increased rainfall on the pomelo industry have been drastic. Pomelo production regions in southern China have been hit particularly hard by this year's flooding, with yields projected to drop by up to 50% below prior periods.

15.07.2024

South Africa - Exceptional cold causes damage of hundreds of millions of rands to winter veg and citrus

Atypically low temperatures over South Africa – plunging to –6oC just before daybreak in parts of the Bushveld – have left collapsed fields of vegetables and even frozen citrus fruit and orchards across widespread areas of Limpopo Province. Low-lying orchards and fields in the Limpopo River Valley have sustained big losses.

15.07.2024

Belgium - There will be a shortage in the autumn, before the new crop comes in

Chicory will find its way into our salads during the summer months, yet Belgian chicory growers are a bit concerned. "Marketing is going well at the moment, but it has nevertheless been very difficult on the supply side. Also, in future, there will be more and more pressure on chicory cultivation," explains Charles Cattoir of Primalof.

15.07.2024

India - Cutting-edge tech to help cotton farmers fight pink bollworm

Jagdev Singh, a cotton farmer, has faced three consecutive years of hardship. Since 2021, severe pink bollworm (PBW) infestations have significantly impacted his income from his 0.6-hectare cotton field. However, this year brings a glimmer of hope.

15.07.2024

India - Launch of a new crop damage insurance scheme

India will launch a new farm crop insurance scheme early next year and use drones and other technologies to assess crop damage, the agriculture minister said on Wednesday, in what could be Prime Minister Narendra Modi's first major move to address rural hardship.

12.07.2024

India - Crop insurance dwindles in FY 2024, top 4 insurance cut exposure

In fiscal year 2024 (FY 2024), India’s general insurers reduced their exposure to crop insurance due to the Pradhan Mantri Fasal Bima Yojana (PMFBY), despite the government’s efforts to bolster coverage in the farming industry. Thanks to crop losses from floods and unseasonal rains and heatwaves, the gross direct premium underwritten by insurers fell 4.2%, whilst crop insurance premium underwritten climbed 8.7% in the previous year (FY 2023).

12.07.2024

USA - Insurance Options for Specialty and Organic Growers  Expanded

The U.S. Department of Agriculture (USDA) is expanding crop insurance options for specialty and organic growers starting in 2025. The Risk Management Agency (RMA) will offer new coverage options, including enterprise units for organic practices and additional eligibility for several crops. This expansion includes coverage for crops like almonds, citrus, walnuts, and avocados, and introduces policies for younger almond trees. Sunburned damaged walnuts will also be eligible for indemnity payments through the expansion.

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