06.10.2024

Philippines - Government support to government agencies drops to P91. Billion in August, National Irrigation Association and Crop Insurance lead recipients

The national government’s subsidies to state-owned and -controlled firms declined by 51.9 percent in August, according to a report released by the Bureau of the Treasury (BTr).The National Irrigation Administration and the Philippine Crop Insurance Corp. were the only billion-peso recipients during the month, receiving P5.6 billion and P1.9 billion, respectively.

06.10.2024

Rain-hit crops create triple whammy for French grain farmers

France, the European Union largest grain producer, has experienced particularly wet weather in the past year, including a month of continuous rain in October-November, the wettest spring ever and violent storms last month.The rainy weather and soggy fields delayed sowings and hurt crop development, so much so that the farm ministry estimates France will harvest its worst wheat crop since the 1980s, down 25% from last year.

03.10.2024

Puerto Rico's Agriculture Insurance Program Fails to Address Storm Losses

Despite Puerto Rico agricultural sector having long complained that the Agricultural Insurance Corporation policies only cover losses from crops damaged by hurricanes and not by storms

03.10.2024

Pakistan - Adamjee Ins introduces crop insurance solution for farmers

Pakistan insurance leader, Adamjee Insurance, unveils a groundbreaking crop insurance solution, Adamjee Zarai Tahafuz. This revolutionary project empowers farmers and strengthens the nation agricultural backbone.

03.10.2024

Philippines - Hog farmers told to get livestock insurance amid ASF resurgence

The Cebu city government has assisted 79 hog farmers in securing livestock insurance amid the resurgence of African swine fever (ASF). This insurance would protect swine farmers from the negative economic impact caused by the ASF.The insurance policies were issued by the Philippine Crop Insurance Corporation (PCIC) to the 79 hog farmers cover 405 breeding and fattening hogs.

03.10.2024

Canada - Following a bad year for maple syrup, N.B. introduces insurance program for producers

New Brunswick produced nearly two million litres (527,000 gallons) of maple syrup last year, compared to the year before when more than three million litres (811,000 gallons) were produced. While Agriculture and Agri-Food Canada has a program that pays agricultural producers in advance to helpthemsurvive through the off-season, during a bad year, producers might struggle to reimburse the program. New insurance program will allow producers to cover costs during years like the one that just passed.

03.10.2024

Canada - Crop insurance costs explode

If crop insurance payments to Canadian farmers were put on a line graph, from 2018 to 2022 the graph would look like a hockey stick. Statistics Canada data shows that crop insurance gross payments were $890 million in 2018. By 2021 that figure had climbed to $3.8 billion and then hit $4.897 billion in 2022.

03.10.2024

Making forage insurance more accessible across Canada

An industry-government forage insurance task team is working on ways to make forage insurance more widely available across the country. Currently, producers can insure forages under AgriInsurance, but other forage insurance is not equal across Canada and very few forage producers use it.

02.10.2024

French group sold agribusiness insurance for soybean plantations on Indigenous lands in southern Brazil

The Brazilian insurance company Essor, part of the giant French reinsurance group Scor, sold agribusiness insurance for the illegal cultivation of soy within the Monte Caseros Indigenous Land, in the towns of Ibiraiaras and Muliterno, both in the state of Rio Grande do Sul, southern Brazil.

02.10.2024

Albania - Agricultural insurance existed before the 90s

One of the insurance products of the centralized economy period was the insurance of agricultural products. The insurance of agricultural crops covered crops from the risks of fire, hail, torrential rains, hurricanes, frosts or floods. For the insurance of agricultural crops, an annual quota was paid that varied for each type of plant.

02.10.2024

USA - IDALS has crop insurance discount for cover crop acres

Iowa Department of Agriculture and Land Stewardship is offering an incentive for farmers who plant cover crops in the form of a discount for crop insurance. In its eighth year, this groundbreaking program has set a standard for other states and the federal government to follow.

02.10.2024

India - Farmers block roads in Nagapattinam demanding crop insurance compensation

Farmers owning allegiance to Tamil Nadu Cauvery Farmers Association staged protests in different parts of Delta districts, including Nagapattinam, protesting against delay in distribution of compensation for crop losses under the government’s insurance scheme. While the farmers blocked Puthur Road here, while in Vedaranyam taluk, protests took place in Sengathalai village.

02.10.2024

USA - $14 billion agriculture disaster relief bill

The bill provides an additional $14 billion to the U.S. Department of Agriculture (USDA) to assist agriculture producers impacted by losses caused by natural disasters in 2023.The bipartisan Agriculture Disaster Supplemental Appropriations Act would allow the federal government to provide reasonable assistance as necessary for those in our agricultural industry to recover and continue moving forward.

02.10.2024

Australia - NSW farmers assess frost damaged crops, some needing to be cut for hay

Much of the southern New South Wales cropping belt was hit by unseasonably late frosts last month. Temperatures dropped to minus 6 degrees Celsius, meaning some crops will need to be cut for hay. Farmers are still assessing the damage to cereal crops such as wheat and barley.

01.10.2024

Australia - Growers weigh up cost of frost on damaged crops

Growers across south-eastern Australia are making some challenging decisions about the future of winter crops hit by a series of frosts over the past fortnight. Depending on the severity and extent of frost on already moisture-stressed crops, the need for fodder, and the outlook for hay and grain prices, frosted crops are being partially or fully cut for hay, sprayed out, grazed out, or deemed worth taking through to harvest.

01.10.2024

USA - Helene shuts poultry plants and twists cotton crops

Hurricane Helene shut at least two poultry plants in Georgia and North Carolina and twisted cotton crops in South Carolina in blows to U.S. food and fiber production, company and agriculture officials said on Monday. More than 100 deaths across a half-dozen states have been attributed to the powerful stormthat slammed into Florida Big Bend region