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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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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
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
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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
Kenya (Africa) - Shot in the arm for small-holder farmers

Experts in Laikipia are tapping into small scale farmers’ vast but unexploited potential to address food insecurity. They want to boost the local small-holders’ capacity amid fears the county is facing hunger due to crop failure. County Crops Officer raised the red flag last week when he revealed the situation was grim and that farmer education was necessary, given that over-reliance on rain-fed agriculture had proved counterproductive over the years. Laikipia is food insecure, with 95 per cent of people living in the south depending on the market to buy food this year. In the west, 50 per cent entirely depend on the market while in the remaining regions, up to 70 per cent are vulnerable.
Ukraine to simplify the quarantine certification

Ukraine needs to simplify the state regulation on the plants' quarantine. The Government of Ukraine decided to change the Cabinet Ministry Decree “On the certain issues on the achievement of the Law of Ukraine "On the plants' quarantine”. Besides, the Ministry of Agrarian Policy and Food of Ukraine and the National veterinary and phytosanitary Service of Ukraine will prepare the changes for the Law of Ukraine “On the plants' quarantine” on the Ukrainian phytosanitary actions to the international standards (in cooperation with the professional associations and international experts) and to provide its public debate.
UK - Loss of pesticides could cost farming £1.6bn

The loss of crop protection materials from the grower’s toolbox is threatening the availability of iconic British foods, according to new research. The production of apples, fresh carrots, frozen peas in the UK could be hit to the tune of £1.6bn a year. A loss or restricted use of active ingredients in plant protection products (PPPs), which safeguard healthy growth, is blamed for the threat to some of the UK’s most iconic foods. The NFU warned that access to a range of crop protection materials was becoming “worryingly depleted”.
USA - Harsh winter, cool summer deals deadly blow to grape crop

A harsh winter and cool summer dealt a blow to grape growers across the state, leaving some vineyards more than 50 percent short of their average harvest. Lawton Ridge isn’t the only vineyard and winery suffering from the adverse growing conditions. The Michigan Grape and Wine Industry says it’s anticipating losses of about half the state’s wine crop compared to the record crop in 2013. Chardonnay and Pinot Grigio varieties took the brunt of the hit.
India - Farmers, orchardists suffer huge losses in Kupwara

The agriculture and horticulture sectors have suffered huge losses in district Kupwara, leaving formers and orchardists fretting and depressed. A report released by administration shows that agriculture sector has suffered losses amounting to million’s of rupees in the floods as most of the crop remained under water in Kupwara district. The losses to the horticulture sector have been assessed at Rs 100 crore in the district. More than 2,000 trees were washed away along with crops in the district.
Australia - Rain at harvest risks grain quality, hail wipes out crops

For grain growers in Western Australia, the rain and hail that fell over the weekend could not have come at a worse time. Up to 140 millimetres of rain fell in some parts of the grain growing region. From Geraldton to Esperance, farmers have started their harvest programs for 2014. The majority of crops are ripe and won't benefit from rain. Rather, they'll now be vulnerable to quality issues such as sprouting or stained grain.
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International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia" 
October 6-8, 2014
Istanbul, Turkey
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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