Live Insurance News

Crop insurance push made by farmers to U.K. government

January 3, 2013April 30, 2013

The National Farmers Union has estimated that last year’s rains came with a £1.3 billion price tag. The record breaking rainfall that was experienced in the U.K. in 2012 has cost farmers across the country an estimated £1.3 billion as a result of poor harvests and the more expensive price of feed for cattle that ensued, leading farmers to ask the government for crop insurance against extreme weather events. This request is meant to help the country to be able to uphold its national food security. Data from the National…

Crop insurance payouts show modest damage

December 12, 2012December 12, 2012 S.Vagus

Drought spurs moderate crop insurance payouts this year The ongoing drought that has gripped much of the U.S. may not be as economically calamitous as had been predicted, according to insurance payouts to farmers in some of the most drought-stricken states. Earlier this year, farmers had expected to lose the vast majority of their produce due to severe drought. While the drought proved to be one of the worst the country has experienced in its history, spurring the federal government to purchase stocks of fish and produce, the economic impact…

Crop insurance placed back in the spotlight following election

November 9, 2012April 30, 2013

Attention for farm bill has become an important target for lawmakers. Now that the election is behind us, crop insurance federal subsidies will return to the spotlight as a major target for lawmakers who are seeking to slash the budget deficit in Congress’s first week of the lame duck session. Experts in agricultural policy feel that this is a typical week following a general election. Many doubt, however, that lawmakers will be able to make their way through the deadlock they have been facing regarding the enacting of a $500…

Maryland aims to promote crop insurance through new initiative

August 21, 2012August 21, 2012 Nordstrom

Department of Agriculture to educate farmers on crop insurance The Maryland Department of Agriculture has taken an aggressive stance in promoting crop insurance. The severe drought that has gripped the U.S. has caused unprecedented damage to crops throughout many states. There are no signs that the drought will abate any time soon, leading government officials to tout the protection that could be provided through crop insurance. Maryland officials have embarked on a mission to educate local farmers on the protections they can receive through appropriate coverage. Ongoing drought draws attention…

2012 Farm Bill needed in light of drought disaster

July 27, 2012July 27, 2012 Nordstrom

Drought spurs organization to appeal to federal lawmakers The drought that has gripped much of the U.S. over the past several months is showing no signs of abatement. Indeed, the drought may be getting worse as many states become official disaster areas due to the extremely dry conditions. The drought has already taken its toll on farmers, but is likely to continue causing problems well into the future. This possibility has led the American Soybean Association (ASA) to petition federal legislators to pass the so called 2012 Farm Bill that…