crop insurance News

Wet Spring Hurts Kentucky Corn, Soybean Farmers

This year’s wet spring season is causing problems for farmers in western Kentucky who are trying to get corn and soybeans planted. The farmers said they have been hurt by the recent series of thunderstorms and torrential rains that have …

Minnesota, Wisconsin Wine Grape Crops Damaged in Cold Snap

Vintners in southern Wisconsin and southeastern Minnesota are reeling from a weekend cold snap that ruined huge swaths of their grapes. Temperatures dipped below freezing in much of those areas late Saturday and early Sunday, wiping out grape shoots that …

Too Much Rain Hampers Mississippi Farmers

Northeast Mississippi farmers have had to replant some of their corn and soybeans more than once because of spring downpours. It’s the third year in a row that farmers have had to fight excess water, Charlie Stokes, the area’s agronomy …

Louisiana Ag Losses from March Flooding Could Top $15M

The agricultural loss from the March flooding across Louisiana could top $15 million, according to an economist with the LSU AgCenter. Kurt Guidry said the loss figures are preliminary, because reports are coming in daily from farmers and producers. Guidry …

Maryland Farmers Encouraged to Consider Crop Insurance

Maryland Secretary of Agriculture Joe Bartenfelder issued a reminder for local farmers that the sales closing date to purchase crop insurance for spring seeded crops and to make changes to policies is March 15. Spring seeded crops include corn, soybeans, …

Risk Accumulation Aggravated Zurich’s Tianjin Port Explosion Losses: Chairman

Zurich Insurance Group AG is fixing how it detects risks after miscommunication among units aggravated losses from a port explosion in China last year, Chairman and acting Chief Executive Officer Tom de Swaan said. “There was accumulation of risk there, which …

Everest’s Crop Insurance Unit Partners with Global Ag Risk Solutions

Everest Re Group, Ltd. has formed a strategic alliance between its U.S. crop insurance unit, Heartland Crop Insurance, Inc., and Global Ag Risk Solutions (GARS). The new partnership will deliver GARS Production Cost Insurance to farms across the U.S. through …

Confusion over Insuring Crop that Produces Jet Fuel Cleared Up

The federal government has finalized procedures to insure a new crop that’s being grown to produce jet fuel. Farmers in North Dakota last year planted 6,000 acres of the mustard seed variety known as carinata, but insurance agents were unclear …

Georgia Crops Threatened by Warm Winter Weather

Georgia farmers have endured a winter that wouldn’t start and rains that wouldn’t quit. The state’s pecan, peach and blueberry crops have been threatened by too many warm days and too much water, growers across Georgia said recently. The final …

Cargill to Sell Crop Insurance Business to Silveus

Cargill Inc. agreed to sell its crop insurance unit, the latest move by the giant U.S. agricultural commodity trader and producer to reshape its business amid low crop prices. The insurance operation will be sold to Silveus Insurance Group, Minneapolis-based …