With US crop insurance premiums reaching a record high in 2022 to $21.5 billion, the segment witnessed an underwriting loss due to challenging growing conditions amid widespread drought, reports AM Best.
"Water covers 71% of the planet's surface, but only 3% of it is suitable for consumption and agriculture, and its consumption grows at a rate twice that of the population. If we do not change our habits, global water demand could increase by 50% by 2030," the World Economic Forum warned.
Since the beginning of August, the country's top grain production province has been hit hard by floods caused by typhoons. This has resulted in significant damage to vital crops including rice, soybeans and corn. Even after the floodwaters receded, concerns over crop rescue remained. Groups of sci-tech workers in agriculture were arranged by local governments and provincial science institutions to guide farmers in affected areas to save crops and reduce losses in a scientific way.
This year, parts of North India have witnessed incessant rainfall, disrupting normal life and causing devastation in its wake. Several roads were blocked and many people were stranded because of the landslides triggered due to heavy rains.
A week of continuous rain caused waterlogging in Chattogram as well as severe flooding in all of its upazilas save Fatikchhari, leaving approximately 50,000 hectares of agricultural land submerged and resulting in a staggering financial loss of Tk 31,108 crore.
A local entomologist with the University of Tennessee Institute of Agriculture has received numerous reports of fall armyworms inTennessee. Despite their growing presence in the state as they migrate north, concerns should remain low about their impact on local lawns and row crop farms.
Multiple weeks of rain. Plantings being affected. Inconsistent supplies coming on. While this may sound like something some California growers experienced earlier this season, this isn’t about California, it’s happening in Nova Scotia, Canada.
The Indian government has included tea, betel leaves, cocoa, pineapple, ginger, legumes, clove, nutmeg and other crops in its weather-based insurance scheme. With this, the insurance coverage that is given to mango crops in Palakkad district will be extended across the state of Kerala.
USDA’s Farm Service Agency and Risk Management Agency authorized flexibilities for disaster assistance programs and crop insurance to aid Northeast farmers impacted by flooding this year. USDA Undersecretary Robert Bonnie says, “The production and physical losses to flooding have devastated farmers and ranchers in the Northeast.” Bonnie visited the region this week, announcing that “USDA is committed to assisting these producers in their ongoing recovery efforts.”
A late freeze this spring caused major damage to fruit crops across Upstate New York. The New York State Farm Service Agency (NYS FSA), Senate Majority Leader Chuck Schumer, and U.S. Senator Kirsten Gillibrand are asking the U.S. Department of Agriculture (USDA) to approve emergency federal funds to help farmers who suffered severe crop loss.
Climate change and extreme weather events have been a matter of concern for many countries across the world. Spain, known for its warm Mediterranean climate, has been experiencing a persistent heatwave lately, while the United Kingdom is witnessing an uncharacteristic summer chill.
Tuesday, July 4, 2023, was the world's hottest day ever recorded, reports the U.S. Meteorological Institute. More and more climate records are being broken, but lately, they are not just being broken; they are being smashed.
Despite the chatter and hustle of a dozen or so workers, the production line at Flamm Orchards in deep southern Illinois sits mostly quiet this summer. A cold spell in late December knocked out a vast majority of the 300-acre farm’s peach crop.
An absolute record temperature of 50.4 degrees Celsius was recorded in Morocco last Friday, accompanied by "Chergui", hot, dry winds from the Great Sahara, sandstorms, and wildfires.
For a second time, Colorado potato beetle larvae have been found in Kent. According to the Department for Environment, Food and Rural Affairs (Defra) and the Animal and Plant Health Agency (APHA), last Friday, a single adult male Colorado beetle was found within the 1 km surveillance zone in Kent.
The tomato harvest in the province of Seville will decrease due to the drought. Producer organizations such as the Sociedad Cooperativas Las Nieves have decided to reduce their acreage given the uncertainty regarding water availability.