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Agricultural insurance portal


Revenue Insurance: Covering Yield and Price Risks. Basic Requirements from an Insurance perspective

Managing price risk with crop revenue insurance has attracted much attention in recent years, with only two successful schemes (USA and Canada) indicating the factors most critical for success: ample regional yield-price information, effective ways of price discovery and – most importantly – extensive public support, both for regulation and finances.

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Last publications
Press release of the companies
International Conference “Agricultural Insurance, Reinsurance and Brokerage in CIS, Europe & Asia” – Registration deadline approaches
Livestock insurance and public-private partnership to be discussed in Istanbul
Agricultural insurance issues to be discussed in October 2014, Istanbul
2014 New Conference dates and place are set and announced
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Agribussines insurance
Developing Successful and Sustainable Agricultural Insurance Programs
Development of weather index insurance product for tea growers in Sri Lanka
Weather insurance - Agriculture and algorithms
General Insurance Article - Satellites in agricultural insurance
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International practice
The Evolution of Risk Management in Aquaculture: The Case of Insurance
Risk Management in Aquaculture: Case Study of Haiti
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Risk management
The U.S. Drought Monitor and Its Role in Agricultural Drought Risk Management
Implications from Hail Damage on Young Corn
Endangered forests - Google has released the world forests map: Global Forest Watch
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Analytical papers
Global Droughts and Heat Waves
USA - Crop Insurance Coverage Details
Russia Livestock Overview: Cattle, Swine, Sheep & Goats
'Fat cats' benefit from EU farming subsidies
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Traditional insurance products
Basic premium rates on multi-peril crop insurance (MPCI) program in Moldova
Canada - Bee Overwintering Insurance Program (Alberta)
Asparagus Revenue Market Loss Assistance Payment (ALAP) Program
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News line
Ukraine lost nearly 1.5 mln tonnes of grains in the Crimea and eastern regions

During the whole period of the antiterrorist operation, Ukraine lost nearly 1.5 mln tonnes of grains in the territory of the Crimea and uncontrollable parts of Donetsk and Lugansk oblasts, declared Minister of Agrarian Policy and Food of Ukraine, on January 22. As a reminder, according to the Ministry of Agrarian Policy, Donetsk and Lugansk oblasts processed grains throughout nearly 1 mln ha of agricultural lands.
Venezuela - Potato production is in crisis

After more than 70 years, the potato production is on the verge of collapse. Potato production in Venezuela is seriously threatened by a number of factors. The shortage of chemicals and spare parts for machinery, the 1,000% increase in the price of fertilizers, and the importation of a lot of damaged seeds are threatening the sector. The producers of Carabobo, Aragua, Lara and Merida, grouped in the Venezuela's National Potato Federation, made it clear at a press conference that the crisis had deepened at the beginning of 2015.
Mexico - Storm wiped out 20% of avocado in Mijas

According to the avocado producer's cooperative in Mijas, more than 600,000 kilos of avocados have been lost after winds and rainstorm hit the town of Mijas on Monday. The data is still provisional, as there will be an expert assessment in the coming days, but this amount could represent 20% of the production. According to the producers from Mijas, they had never had gusts of wind of over 90 km/h like those that occurred on Monday January 20th.
Australia hit by fire and flood

Australia has endured some dramatic weather in the last few weeks. Vicious bush fires in South Australia in the Adelaide hills; flash flooding in Western Australia up in Kimberley and more flooding just outside Darwin in Northern Territory. Then, a forecast of a once-in-40-year rainfall event, in South Australia, in the Flinders Ranges and further north into the Outback. That rain carried on eastwards dampening down any potential tinder in Victoria.
Nepal - Blight set to destroy 30% potatoes

Potato worth around Rs 80 million has been destroyed due to blight in Dhanusha district following the cold wave for the past few days. According to the District Agriculture Development Office, Dhanusha, potatoes cultivated on 2,325 hectares of areas in the district this year, 10 per cent or 3,135 metric tonnes of potatoes was destroyed by the blight. Planning Officer Surendra Goit said that only 28,249 metric tonnes of potatoes was produced this year.
USA - Farm bill brings crop insurance changes

The 2014 Farm Bill has ushered in sweeping changes to agricultural producers’ crop insurance, and last week, about 80 farmers attended a meeting in Waunakee to learn more about them. Badgerland Financial representatives scheduled the Jan. 15 meeting at Rex’s Innkeeper to explain new methods for reporting yields and acreage, along with new programs. Farmers can purchase insurance to protect revenue and yields in the event of natural disasters.
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2014 Livestock insurance and public-private partnership to be discussed in Istanbul

Agricultural insurance issues is going to be discussed at the International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia", October 6-8, 2014 in Istanbul, Turkey. Conference Agenda covers topics on high-value crop insurance, livestock insurance and national insurance programs development with PPP mechanisms applied. World’s top experts will discuss the importance of historical data use and its analysis for agricultural insurance programs development and actuarial calculation methodologies.

2014 Agricultural insurance issues to be discussed in October, Istanbul

New dates and place of the International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia" were set for October 6-8, 2014 in Istanbul, Turkey. Conference `Standard registration’ fee option has been launched on August 1, 2014. Conference Agenda will keep most of the topics planned earlier, as well, as it will be added with new speakers and topics. Quite a number of reinsurance and insurance industry representatives, brokers and insurance consultants from USA, Canada and Eurasia territories will participate in this event.

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Risk events
Italy - Hail on melons and secondary deseases: risk event

"After yet another hailstorm in the Mantua area, and the serious downy mildew problems, we have lost over 200 hectares of melons, i.e. almost the entire July and August production," explains Ettore Cagna, chairman of Don Camillo. "Such a disaster means it will be very difficult for us to comply with the collection schedule arranged with our clients." "Of course we had planned our production at the beginning of the season according to different schedules and areas, but we lost practically everything this year!" "We are indeed preparing an emergency programme to try and reduce any inconvenience for our clients though," concludes Mr. Cagna. Source - FreshPLaza
Ukraine - Winter wheat crops destroyed by fire

On July 11, 2014, 30 hectares of winter wheat in the Dnipropetrovsk region have been reported to be destroyed by fire. According to Fire Emergency Center report, the fire has been caused by the source of open flame. Specifics on fire occurrence have not been indicated in their report. At the time of conducting the loss adjustment procedures, the actual scope of damage has been identified: entire winter wheat crops on inspected fields were destroyed. Combustion stem and charred remains of the ear were revealed on the burned field.
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