Agroinsurance

NEWS

USA - Hurricane Idalia caused between $80 million and $370 million in agri damages

25.09.2023 142 views

One-third of Florida's farmland was damaged by Hurricane Idalia that raged last month. According to a new report by the University of Florida Institute of Food and Agriculture Sciences, it caused between $80 million and $370 million worth of damage.

In fact, 3.3 million of Florida's 9.7 million acres of agricultural land were impacted, with 177,000 acres crushed by Category 3 winds and 3.1 million acres nailed by tropical storm force winds. Growers of citrus, fruit, row crops, greenhouses and animals are dealing with lost equipment and buildings.

The state agriculture commissioner is unveiling a program to reimburse farmers for three quarters of any irrigation equipment that is uninsured. By providing grants of up to $150,000 grants, the hope is to get growers back on their feet.

Source - https://www.freshplaza.com

EVENTS

Book the Date: Planet Webinar - How Satellite Data is Changing Agriculture Insurance

24.11.2023

Join us for a live webinar on December 6, 2023 featuring industry experts from Swiss Re, AXA Climate, Schweizer Hagel, AgroInsurance International and Planet. During this webinar we will discuss: The 2023 growing season, and prospects for 2024; The impact of El Niño and La Niña; Satellite data for loss adjustment - what works? What indices you can use - NDVI, soil moisture, and others

RISK EVENTS

Spain - 30% of La Palma's banana production has already been lost due to the advance of the lava

14.10.2021

More than three weeks after the Cumbre Vieja volcano erupted, the lava that continues to flow from its interior continues to devastate everything in its path, destroying houses, infrastructure, and banana plantations. The production of Platanos de Canarias is the economic engine of the island, accounting for 50% of its GDP and 30% of the jobs on the island.

France - Concerns about endive harvest quality

There are still a lot of questions surrounding the current French endive campaign. Although harvesting resumed at the end of last week (delays due to flooding), the recent rains have once again halted the work of endive producers.

01.12.2023

Germany - Rainfall in the last week made harvesting conditions even more difficult

In addition to the dominant domestic supply, potato imports from abroad also increased slightly. According to the BLE, demand could be met without difficulty. In Germany, there are still individual areas of potatoes that still need to be harvested.

01.12.2023

Spain - The production of vegetables will be reduced this season in Andalusia due to the drought

The campaign for open ground vegetables such as leeks, carrots, kohlrabi and cabbage is now starting in southern Spain, limited by factors such as water scarcity, which has led to a reduction in the estimated volumes for this campaign, and difficulties in finding sufficient labor.

01.12.2023

Australia - Storms hit wheat harvest

Heavy rain sweeping through southeastern Australia has damaged wheat crops, potentially shrinking production by more than 100,000 tons and turning up to 1 million tons of milling wheat into lower-quality feed grain, analysts said.

01.12.2023

India - Karnataka govt to pay crop loss compensation of up to ₹2,000 per farmer

Karnataka Chief Minister Siddaramaiah on Thursday said with the Centre delaying drought relief, the state government has decided to pay the first instalment of crop loss compensation, of up to ₹2,000 per farmer, as immediate relief.

01.12.2023

India - Six more districts in Maha hit by rain; affected land increases to 4L ha

Six more districts in Maharashtra have been hit by hailstorms and unseasonal rain, taking the count to 22 districts and increasing the area under crop damage by three times from 1,32,272 hectares to 3,93,325 hectares.

30.11.2023

India - Maharashtra govt to give aid up to 3 hectares for crop losses due to unseasonal rains Shinde

The Maharashtra government will give financial assistance up to three hectares of land to farmers who have suffered crop losses due to unseasonal rains and hailstorms in the last few days, Chief Minister Eknath Shinde said on Wednesday.

30.11.2023

Spain - Lower yields for early clementines and oranges

The excessively mild climate is having a noticeable impact on Spanish citrus cultivation this year. The lack of cold hours is generally reflected in weaker tree growth and the low rainfall is leading to more depleted soil, which in turn is harming production volumes.