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.
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.
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.
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.
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.
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.
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.
FoodTechBangladesh, a Bangladeshi-Dutch aquaculture partnership, has achieved two major milestones with the help of the Dutch government.
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.
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.
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.
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.
The Indian union cabinet has cleared the revamped versions of its two-flagship crop-insurance schemes to mitigate growing climate risks for the Indian farmers. The government has also extended the duration of these two crop insurance schemes - Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) - for one more year till 2025-26. A total budget of INR695158m has been allocated for these two schemes.
When there’s too much rain, or not enough, or another calamity strikes, US farmers and ranchers rely on insurance from the Federal Crop Insurance Corporation to provide a safety net. In 2023, crop insurance covered more than $207billion in liability.Althoughmost farmers file claims for justified losses, occasionally fraudulent claims are filed.
Plant pathogens - microorganisms and other disease-causing agents - can wreak havoc on agricultural and forest crop plantings, as well as rangeland.
Sahyadri Farms Post Harvest Care Limited recognized as Indias largest fully integrated and tech-enabled horticulture platform, has successfully secured funding of approximately $47.8 million (Rs 390 Crore) from Europe-based PE fund responsibility, and US-based PE fund GEF Capital Partners.