Live Insurance News

New insurance program pilot being tested on WV livestock farms

September 17, 2015September 16, 2015 Julie Campbell

The goal of this new strategy is to be able to offer producers in the state a way to mitigate financial risk. A group of West Virginia livestock producers are now taking part in the pilot of an insurance program that has been designed to help them to be able to mitigate certain financial risks that they have been facing. The program is based on an effort to broaden the information available to help when making payments. The Rainfall Index Pasture, Rangeland, Forage insurance program bases its payments on a…

Small farmers may find large benefit from new crop insurance program

October 23, 2014October 21, 2014 Julie Campbell

Ranchers and growers in North Dakota who were previously unable to find coverage will soon have new options. In North Dakota, small farmers and ranchers have either struggled to find crop insurance coverage or who have been completely unable to purchase a policy will now be able to take advantage of a new program option for 2015. Previously, growers that were not large enough of any given crop may not have qualified for farm insurance. Until now, smaller producers, such as specialty vegetable growers and organic farms, such as those…

Insurance news from Kenya reveals importance of coverage for herders

April 24, 2014April 22, 2014 H. Cutner

Goat farmers in the African country are finding great benefit in the protection they now have against drought. Kenyan goat herders are now enjoying some very positive insurance news as a drought coverage plan that was developed by professors at Cornell is now starting to prove its worth in protecting them against unpredictable and unavoidable dry weather conditions. For most of the Kenyan farmers who now have the coverage, this is the first time that they have had protection. The last dry season was detrimental to livestock for many Kenyan…

Insurance news includes livestock price pilot

January 30, 2014January 27, 2014 H. Cutner

A new coverage program has now been launched in Canada for hog and cattle producers. A new livestock price coverage program has now been launched in Canada and is now making insurance news headlines as it works to help cattle and hog producers in the western provinces to cope with pricing risks. The program was announced by the federal government and will run for the next four years. This insurance news was unveiled at the Canadian Bull Congress in Alberta, by the federal government and the western provinces. It is…

Livestock insurance to receive a boost from USDA

August 31, 2012August 31, 2012 Julie Campbell

Farmers to obtain additional help this year due to severe drought. Tom Vilsack, the Agriculture Secretary, has announced a number of efforts that are being made in order to help farmers who have been impacted by the worst drought that has been seen in 50 years, including alterations to the livestock insurance program. The U.S. Department of Agriculture (USDA) will modify its emergency loans. This will allow loans to be made earlier on in the season in order to allow producers to purchase livestock insurance, as well as to offset…