Realized net income for Canadian farmers amounted to $5.7 billion in 2011, a 53.1% increase from 2010. This rise followed a 19.0% increase in 2010 and a 19.6% decline in 2009. Realized income is the difference between a farmer's cash receipts and operating expenses, minus depreciation, plus income in kind. Realized net income fell in four provinces: Newfoundland and Labrador, Nova Scotia, Manitoba and British Columbia. In each, increases in costs outpaced gains in receipts.
Summer has just started but the issue concerning the harvest in Russia in 2012 still remains open. Since the beginning of the year the weather conditions make the experts nervous. It seems that such situation disturbs experts only as the officials continue to claim optimistic forecasts for 2012 season’s crops - they state that the harvest volumes will remain at last year's level no matter what. The experts of Agroinsurance.com decided to analyze the situation from the market specialists’ point of view.
Throughout spring-summer 2011, the insurance companies signed 1,981 crop insurance contracts (750 contracts in 2010). Our database does not distinguish between the types of contracts for spring-autumn as these contracts were less standardised than the contracts providing coverage for the winter season. Normally, the insurers allowed producers to select a limited coverage (i.e. selected perils). This reduces the cost of insurance, especially if the client wishes to insure only against some predetermined risks.
All countries, both industrialized and developing, support their agriculture sectors, but use vastly divergent policy tools and combinations of tools. Most use guaranteed minimum prices and import tariffs to protect domestic producers. Developing countries use a plethora of tools often not considered in measuring the amount or rates of subsidies. These include input subsidies, such as reimbursement for seed, fertilizer, equipment and labor. Producers in some developing countries also get tax incentives or low interest loans.
Numbers released by Statistics Canada on Monday show that realized net income for Canadian farmers fell for the second consecutive year in 2006 to its lowest level since 2003. Rising interest, wage and fuel costs, together with falling hog receipts and program payments, more than offset increases in revenue from crops and cattle. Realized net income (the difference between a farmer's cash receipts and operating expenses minus depreciation, plus income in kind) declined from 2005 to $1.1 billion. This figure was also below the previous five-year average between 2001 and 2005.
The presentation was prepared for the meeting of the agricultural committee of the League of Insurance Organizations of Ukraine. The meeting took place on February 6, 2007. The presentation provides an overview of statistics available in different countries and takes a closer view at problems of Ukrainian agricultural insurance sector. The presentation will be interesting to the insurance specialists from the countries that currently develop agricultural insurance systems. The presentation provides an overview of the statistics available in the USA, Italy, Canada, Russia, Kazakhstan and other countries.
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