USA - Wildfires leave farmers suffering significant losses
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ScaleAgData Stakeholder Engagement Event
22.10.2024The ScaleAgData project is pleased to invite you to our second stakeholder event. Building on the discussions and connections formed during our first webinar, this event will focus on fostering collaboration among stakeholders, providing updates on our project’s progress, and outlining future opportunities for engagement.

Philippines - Government urges parliament to approve doubling the crop insurance subsidy
Philippines Congress is likely to consider a request from the government to double the crop insurance subsidy it pays to the country's farmers to PHP8bn in 2026 so that it covers up to 4.2m farmers. According to a news report on the news portal https://bilyonaryo.com most of these farmers are rice growers.

Vietnam needs to update its insurance products to reach farmers
Insurance products must become more integrated into people’s daily lives. The responsibility of insurance companies is to serve as a shield for their customers, especially farmers who are among the most vulnerable groups.

Crop weather index insurance market to hit $3.3b by 2029
The global crop weather index insurance market is expected to grow from $1.81b in 2024 to $2.04b in 2025, reflecting a compound annual growth rate (CAGR) of 13%

Crop insurance based on weather stations and satellites is gaining ground globally
More and more growers and chain parties are using 'parametric climate insurance' instead of conventional weather insurance. This form of insurance is also gaining ground in Europe

Turkish lemon farmers face 40% crop losses
Like many other Mediterranean countries, Türkiye has faced a rising number of extreme weather events in recent years, driven by accelerating global warming. Rural farming communities are bearing the brunt of these changes.

Severe frost damages crops across 36 Turkish provinces
Between April 9 and 13, Turkey witnessed an agricultural event characterized by one of the most severe frost occurrences in recent history, affecting 36 provinces. This resulted in substantial damage to agricultural production, valued at approximately 21 billion Turkish lira (about $1.14 billion).
EU should expand farm insurance as climate risk grows
The European Union should do more to help farmers manage the growing risks posed by climate change by expanding insurance coverage. The EU agriculture sector could see annual losses jump by as much as two-thirds by 2050 due to the increasing risk of drought and floods

Armenian government will partially compensate farmers for hail damage
The Armenian government resolved to provide partial compensation to farmers for hail damage occurring in 2024-2025. In 2024, hail caused damage to 13,000 hectares, and in 2025, over 11,800 hectares were affected. Insurance companies are reluctant to enter into contracts, despite the government subsidizing insurance by 70-80% in 2025