Ukraine - Stolen fertilizer, destroyed tractors and $40B in losses

26.05.2023 233 views

Ukraine’s agriculture industry has lost more than $40 billion because of Russia’s invasion, according to a report from the Kyiv School of Economics (KSE).

Direct damage estimates amount to $8.7 billion, while indirect losses — including lower production of crops and livestock, as well as logistics disruptions and higher production costs — totaled $31.5 billion.

Nearly $30 billion will be required to cover the needs for reconstruction and recovery of Ukraine’s ag sector, according to the report, which is based on data from the Government of Ukraine, World Bank, United Nations, and the European Union.

“Considering the colossal damages and losses, it is vital to continue supporting Ukraine’s agriculture financially for it to perform at least on a pre-war level,” the report stated.

“This way one of the most important sectors of the Ukrainian economy will be on its way to prosperity, growth and modernization, contributing to Ukraine’s post-war recovery and the global food and nutrition security.”

The largest portion of direct losses is from damaged and destroyed equipment, which accounts for an estimated $4.7 billion. More than 17% of all agricultural machinery and equipment in Ukraine are estimated to be severely damaged and destroyed, according to the report.

Stolen inputs and outputs — including crops, fertilizer and fuel — are estimated to have caused $2 billion in losses for Ukrainian farmers.

Crop losses, at $14.3 billion, make up the largest share of indirect losses — which encompass lost income and additional costs due to war, such as losses of farmland from soil damage and decreases in crop and livestock production. The most substantial production losses are for wheat, which accounts for $2.9 billion, followed by sunflower at $2.5 billion, and corn at $1.7 billion.

Aside from crops, the report estimates Ukraine’s livestock production has eclipsed $1.7 billion in losses.

“The exceptionally high numbers of livestock killed, stolen, and harmed in any way have resulted in shortages of some animal products,” the report stated, noting that eggs and milk alone add up to more than $732 million in losses.

The report also details how much money will be required to get Ukrainian ag back on track over the next decade. Of the estimated $29.7 billion in overall restoration costs, $4.7 billion is needed for replacing damaged farm equipment and machinery, with another $3.6 billion for rebuilding storage capacity and replacing inputs.

Source - https://www.michiganfarmnews.com

12.07.2024

India - Crop insurance dwindles in FY 2024, top 4 insurance cut exposure

In fiscal year 2024 (FY 2024), India’s general insurers reduced their exposure to crop insurance due to the Pradhan Mantri Fasal Bima Yojana (PMFBY), despite the government’s efforts to bolster coverage in the farming industry. Thanks to crop losses from floods and unseasonal rains and heatwaves, the gross direct premium underwritten by insurers fell 4.2%, whilst crop insurance premium underwritten climbed 8.7% in the previous year (FY 2023).

12.07.2024

USA - Insurance Options for Specialty and Organic Growers  Expanded

The U.S. Department of Agriculture (USDA) is expanding crop insurance options for specialty and organic growers starting in 2025. The Risk Management Agency (RMA) will offer new coverage options, including enterprise units for organic practices and additional eligibility for several crops. This expansion includes coverage for crops like almonds, citrus, walnuts, and avocados, and introduces policies for younger almond trees. Sunburned damaged walnuts will also be eligible for indemnity payments through the expansion.

12.07.2024

France - Heavy rainfall causes severe harvest impact and losses for farmers

Persistent rainfall in France is reducing soft wheat production, resulting in a high decrease in the overall harvest and substantial losses for individual farmers. At Guillaume Lefort's farm in Larchant (Seine-et-Marne), soft wheat growth is uneven across his 70-hectare plot. Some ears are still green, and his harvest will start later than usual. He expects a 20% loss compared with a normal year.

12.07.2024

Jamaica - Hurricane Beryl destroys crops, leaves islanders facing food shortages

Jamaicans will contend with food shortages in the aftermath of Hurricane Beryl, which is estimated to have destroyed over $6.4 million in food crops and supporting infrastructure, officials in Jamaica said on Monday.

12.07.2024

Romania - Types of Climate Change Adaptation Among Large-Scale Crop Farmers

Climate change and its associated climate variability are posing significant challenges for farmers worldwide. In Romania, particularly in the agriculturally productive Romanian Plain, the frequency, intensity, and duration of heatwaves and droughts have increased over the past two decades. This has necessitated the need for farmers to adapt to these extreme environmental conditions.

12.07.2024

USA - Flooding Resources Available for Beef Cattle Producers

A beef specialist with Iowa State University Extension and Outreach says cattle producers affected by recent flooding will most likely experience financial stress, and should contact their local Farm Service Agency office immediately. "FSA offices are gathering information pertaining to flood damage,” said Beth Doran. "This includes any livestock losses, forage/grazing losses or damaged pastures due to recent flooding.”

11.07.2024

Liberia - President to launch new national agriculture development plan

On July 10, President Joseph Nyumah Boakai will unveil the National Agriculture Development Plan (NADP) in Monrovia, aiming to enhance agricultural growth throughout his tenure, according to Agriculture Minister Dr. J. Alexander Nuetah.

11.07.2024

European Commission allocates €77 million in emergency support to farmers in Austria, Czechia, Poland and Portugal

The European Commission has proposed to mobilise €77 million from the agricultural reserve to support farmers from the fruit, vegetables and wine sectors of Austria, Czechia, Poland who have recently suffered from adverse climatic events of unprecedented magnitude, as well as Portuguese wine producers who face serious market disturbances.

istanbul escort şişli escort tbilisi escort şişli escort şişli escort maslak escort istanbul escort beşiktaş escort taksim escort izmir escort ümraniye escort mecidiyeköy escort şişli escort taksim escort ümraniye escort kartal escort şirinevler escort maltepe escort istanbul escort ümraniye escort kadıköy escort vip escort mersin escort istanbul escorts ataköy escort avcılar escort beylikdüzü escort okmeydanı escort şişli escort tuzla escort işitme cihazı sex shop sex shop sex shop sex shop sex shop sex shop sex shop sex shop