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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
Agricultural insurance issues to be discussed in October 2014, Istanbul
2014 New Conference dates and place are set and announced
Ukraine - 2014 International Conference on “Agricultural Insurance, Reinsurance and Brokerage in CIS, Europe & Asia” - Dates and Place are set, registration is open
Global Agricultural Insurance Congress in Vienna: New Responses to Climate Change
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Agribussines insurance
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 for Smallholders in Aquaculture: The Work of Aquaculture without Frontiers
Risk Management in Aquaculture: Case Study of Haiti
The contribution of remote sensing tools to risk management in aquaculture
Risk in Aquaculture: The Rise & Demise of a South African Commercial Shrimp Farm
Aquaculture and Risk: a development perspective
Risk Management for Aquaculture through GLOBALG.A.P. Certification
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Risk management
Implications from Hail Damage on Young Corn
Endangered forests - Google has released the world forests map: Global Forest Watch
USA - Preventing trich vital for cattle ranchers
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Analytical papers
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
India - Adilabad may not meet drought declaration parameters

The rainfall in the last few days has certainly brought relief to the agriculture sector but it may not be enough to tide over the crisis altogether. It has however, come in handy for the government to negate any demand for declaring drought in the district as the weather and crop conditions do not satisfy necessary parameters required for the purpose. The Agriculture Department has even warned that rabi sowing may become impossible if the season ends in rainfall being on the high deficit side.
Africa’s Smallholder Farmers Risk of “Failed Seasons” rising

Small-scale family farmers across Africa— already struggling to adapt to rapidly rising temperatures and more erratic rains—risk being overwhelmed by the pace and severity of climate change, according to the 2014 African Agriculture Status Report (AASR). The analysis, prepared by the Alliance for a Green Revolution in Africa (AGRA), with contributions from several African scholars, provides the most comprehensive review to date of how climate change will affect Africa’s smallholder farmers and highlights the most promising paths to producing more food.
India - Perishing coconut crop worries farmers in Madurai district

Drought conditions in the last three years has taken a heavy toll on the coconut crop in the district and according to a survey taken by the agricultural department a total of 2,84,771 coconut trees perished in the district during this period. As per statistics available with the department, Madurai district had 8,43,652 coconut trees spread across all 10 blocks especially in Melur, Vadipatti, Alanganallur areas which are rich in ground water. But erratic rainfall in the last three years depleted the water sources and farmers could not save the trees even with well irrigation. Hence, almost one fourth of the crop perished.
India - Cotton growers advised to save crop from rain

Punjab Agriculture Department (PAD) has advised the cotton growers to take all necessary steps for saving their crop from damages may be caused by the rains at this important juncture. A spokesman of the department said that the cotton production target during this season had been set at 10.5 million bales in the Punjab province. The spokesman urged the growers to take timely steps for saving their crop from rain. He also said that picking should be stopped during the rain and restart after cotton become completely dry.
Germany - Asian fruit fly causing more and more problems

The Asian fruit fly is originally from Asia and established itself in Southern Europe a number of years ago. Now the vermin has penetrated into the German Hessen. The white or cream coloured larvae are destroying the fruit flesh of cherries, raspberries, blackberries and strawberries in gardens. Wine grapes and other fruits with a soft peel are not being spared either.
USA - Infection affecting some west-central Illinois soybean fields, crop losses possible

There is evidence of the beginnings of a soybean crop infection in some parts of west-central Illinois. The soil-based fusarium organism causes the sudden death syndrome. Experts say the organism keeps the plant from sending water and nutrients to the leaves. The leaves start dying and turn yellow and brown. It could potentially affect crop yields in a year that the U.S. Department of Agriculture says will be a record soybean harvest across the country, with an estimated yield of 45.4 billion bushels.
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International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia" 
October 6-8, 2014
Istanbul, Turkey
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.

New Conference dates and place are set and announced

The International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia" has been planned for March 2014. However, due to the difficult political situation in Ukraine was cancelled. Conference Organizers were looking for possible solutions to conduct this event in 2014, to pursue the initial commitment. No matter what the political climate is, the impact of natural risks and hazards on agricultural commodities production are getting higher each year. This topic has been specifically important recently for the Central European states, CIS and Caucasian countries.

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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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