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.
It's cotton harvest time here in the panhandle. Between record breaking rainfall this summer, followed by months of damage control, this season's crops have been through a trying growing season. July and August together provided farmers record breaking rainfall setting cotton crops up for a difficult year. Cotton was planted in April and effects of excess rainfall can be found today just by looking at the crops. There are fewer bulbs present in the crop and due to lack of sunshine. The bulbs didn't fully bloom. Also, roots stayed shallow due to moist soil and nutrients needed couldn't be reached.
Temperatures dropped below zero today, and the last hint of green is diminishing from lawns and pastures. Now is a critical time to focus on cows’ nutrition. For spring-calving herds, producers need to key in on the needs of the pregnant cows and the unborn calves. Poor nutrition for pregnant cows reduces lifetime calf performance. The body’s first need is to maintain its condition. With damp below-freezing temperatures here for a while, cows will expend more energy to stay warm.
The heavy rains we’ve received this fall have filled up lakes and ponds and helped to replenish sub soil moisture, but we wondered if maybe it could be a case of getting too much of a good thing. It threw farmers back on field work. It was about a week, and then they got more showers and it threw them another week and then another week. Delayed planting may cause some farmers to change their plans, expecting wheat planted late to have less than normal yields.
The Finance Ministry has asked financial institutions to provide more credit to farmers in view of good monsoon and it may be willing to increase budget amount for farm sector. There is a need to increase investor base and provide increase finance to poor and vulnerable section. Actually, 40 per cent of the people do not have access to institutional finance and specially the most vulnerable and weaker sections do not have access. At least 1 per cent of the lending should go to the poorest of the poor.
Persimmon is one of the most sensible fruit trees for Valley gardens. A persimmon tree is relatively easy to maintain. Once the tree has established its main branching structure after a few years of growth, pruning is no longer necessary. A persimmon tree’s mature size is a manageable 30 feet. The tree is also reasonably drought tolerant and should not require more than a single weekly soaking. Soil beneath persimmon trees needs to dry out between waterings. In fact, as a general rule, you should not water any plant until its soil is dry at a two-inch depth.
Super typhoon Haiyan which killed over 5 000 people dominated the November global catastrophe list. The catastrophe model development center at Aon Benfield, it made landfall in the central Philippines as one of the strongest tropical cyclones ever recorded, killing at least 5 719 people and injuring 26 233 others, with 1 779 people declared missing. Total economic losses - including damage and reconstruction costs - were estimated at PHP250bn ($5.8bn), while insured losses were expected to reach the hundreds of millions of dollars.
The webinar will be held on 17 of September, 2013 9am - 10:30am (Washington, DC) 4pm - 5:30pm (Kyiv, Ukraine). Agricultural production is a high-risk environment. Building an effective system of adjusting the risks and losses is extremely important for both insurance and banking industries. Building a well-organized loss adjustment system is a serious topic for consideration. International experience provides various examples of different approaches to loss adjustment.
The Conference "Where the margin is" will be held on July 2-3, 2013, in the Benefit Plaza Congress Hotel in Voronezh. From 2009 IKAR has been the member of International agri benchmark network of agricultural research and advisory economists aiming to create a better understanding of global cash crop farming.
Currently Ukrainian insurance companies are actively insuring winter crops. Contracts are signed mainly for wintering period until spring. In Western Ukraine experts visited fields of potential clients. At some fields canola is overgrown and such crop has minimal chances to survive winter. Pictures 15.05.2012 Ukraine - Drought at the East of Ukraine, winter wheat suffers
Experts conducted surveys of winter wheat at the East of Ukraine. They established impact of drought. The soil does not have the sufficient amount of moisture which can be the reason of crop kill.
Position of the administration of www.agroinsurance.com web-site may not coincide with the position of the authors. Administration does not bear responsibility for information contained in the documents created by third parties and placed at this web-site. For replication and use of copyrighted documents the users should contact administration.