NEWS
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News
13.10.2024

IMF Urges Reform in Pakistans Agriculture and Textile Sectors

The IMF recommends that Pakistan end preferential treatment for agriculture and textile sectors, which hinder economic growth. The report highlights inefficiencies, subsidies, and fiscal incentives that stifle competitiveness.

13.10.2024

India - Maize growers seek relief for crop loss due to pest attack

Complaining about damage to the maize crop due to pest attack, a large number of farmers have sought suitable compensation from the government.

13.10.2024

India - Fruit Growers pin hopes on new Govt for crop insurance, import controls

Baramulla, Oct 10, As the National Conference and Congress alliance prepares to form a new government in Jammu and Kashmir, the regions fruit growers are expressing renewed hope for the implementation of long-awaited agricultural reforms, particularly crop insurance and restrictions on duty-free apple imports.

13.10.2024

Helene inflicts over $6 billion in agricultural and forestry losses in Georgia, impacting key U.S. crop production

Georgia farmers have suffered over $6 billion worth of losses due to Hurricane Helene, according to preliminary estimates released on Thursday, October 10, 2024. The full extent of the damage is still being assessed, and the numbers could increase further.

10.10.2024

USA - Georgias farmers suffer devastating crop losses after Hurricane Helene

As Florida experiences the worst of Hurricane Milton, Georgias farmers are still assessing the extensive damage left behind by Hurricane Helene.

10.10.2024

Australia - Severe thunderstorms over south-east Queensland bring heavy rain, flash flooding and hail

Severe thunderstorms have lashed parts of south-east Queensland, bringing heavy rain, flash flooding and hail. The SES has received 90 calls for help over the past 24 hours, predominantly from residents in the Moreton Bay area, north of Brisbane.

10.10.2024

USA - Insurance Roadblock Threatens Virgin Islands Farming Leases and Agricultural Growth

Agriculture Commissioner Louis Petersen warns that local insurers reluctance to provide liability coverage is preventing lease approvals for farmers, as the Department of Agriculture searches for solutions with other government agencies.

10.10.2024

Bangladesh - BRAC Bank-Green Delta launch first ever livestock insurance

BRAC Bank Limited and Green Delta Insurance Company Limited have jointly launched Bangladeshs first ever livestock insurance coverage facility for the cattle farmers.

10.10.2024

India - Telangana government slashes crop damage estimates

Leaving farmers in the lurch once again, the State government has drastically cut down on the extent of crop losses due to last months heavy rains, from the initial estimate of 4.15 lakh acres to a meagre 79,574 acres.

10.10.2024

India - Mormugao farmers get Rs 10 L compensation for crop damage

Farmers in Mormugao Taluka have received compensation of approximately Rs 10 lakh for the damage caused to their crops by heavy monsoon rains.

09.10.2024

WEBINAR: Revolutionizing Agriculture Insurance With Satellite Data: Insights for 2025 – Planet

With the latest satellite technologies, insurers can automate and enhance their monitoring, claims, and underwriting processes like never before. Join us for this exclusive45-minute live webinar, co-hosted by industry leaders from SwissRe, AXA Climate, GreenTriangle, and Planet.

09.10.2024

Taiwan - Typhoon Krathon-related agricultural losses approach NT$500 million

Taipei, Oct. 9 CNA, The value of agricultural crop and equipment losses caused by Typhoon Krathon reached NT$498.6 million as of Wednesday, according to the Ministry of Agriculture .

09.10.2024

USA - Florida Citrus Growers Brace for Hurricane Milton as Forecasters Warn of ‘Complete Destruction’

Milton threatens to inflict wind damage in the northern two-thirds of Florida’s citrus belt this week, according to Commodity Weather Group. Orange juice futures rose up to 4.3 percent on Monday due to the threat to Floridas citrus industry.

09.10.2024

India - Probus Strengthens Focus on Rural Insurance with Dr. Ajay Verma’s Appointment

Mumbai; Probus, one of Indias leading InsurTech platforms, is pleased to announce the appointment of Dr. Ajay Verma as the Head of Rural and Agriculture Insurance. This pivotal addition to Probus leadership team reflects their unwavering commitment to advancing insurance solutions in underserved sectors.

09.10.2024

India - Agriculture Minister Stresses the Importance of Engaging in Dialogue with Farmers to Understand their Problems

Agriculture Minister Shivraj Singh Chouhan held a productive dialogue with farmer leaders in New Delhi, addressing key agricultural concerns and pledging government support. He emphasized the importance of voluntary participation in crop insurance and committed to improving the sector.

09.10.2024

USA - ICE cotton prices rise due to crop damage concerns, stronger crude oil

ICE cotton prices increased yesterday due to crop concerns caused by the hurricane and rising crude oil prices. Expensive crude oil makes polyester, an alternative fibre to cotton, more costly. However, the high level of the US dollar index was a negative factor for US cotton.

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