crop insurance News

XL Acquires Global Ag Insurance to Expand Crop Coverage

XL Reinsurance America Inc., a subsidiary of XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, has acquired Global Ag Insurance Services LLC to add sales of coverage to farmers in the U.S. West. Global Ag provides …

XL Group Acquires Global Ag Insurance in Western U.S.

XL Reinsurance America Inc., a subsidiary of XL Group plc, has acquired Global Ag Insurance Services, a crop insurance provider based in the Western United States. The two companies initially partnered in 2011 to deliver crop insurance solutions to western …

California Almond Farmers Face Tough Choices Amid Drought

With California’s agricultural heartland entrenched in drought, almond farmers are letting orchards dry up and in some cases making the tough call to have their trees torn out of the ground, leaving behind empty fields. In the California’s Central Valley, …

Crop Insurance Now Farmers’ Main Safety Net

U.S. farmers and bankers have almost a year to get ready for major changes in 2015 as crop insurance rather than direct cash payments to producers becomes the centerpiece of farm policy under the five-year farm bill signed by President …

Bipartisan Farm Bill Saves Food Stamps, Crop Insurance

Editor’s Note: The House of Representatives passed the bill this morning. For the update, read here. Deep cuts in U.S. food-stamp spending sought by House Republicans were averted in a tentative agreement on a much-delayed agriculture bill, according to a …

U.S. Crops Escaping Cold Snap with Little Damage

U.S. crops are escaping record- setting cold weather with little damage, while the arctic blast drove cattle prices to a record as animals struggle to gain weight. The coldest spots in Florida citrus groves were near freezing, and oranges aren’t …

Florida Oranges Dodge Bullet, Escape Damage From Freezing Temperatures

Orange groves in Florida, the world’s biggest grower after Brazil, escaped cold weather damage overnight as frigid air set records across the Midwest. The coldest spots in Florida citrus groves were near freezing, and oranges aren’t damaged unless temperatures are …

Deep Freeze Damages California Citrus Crop

A weeklong blast of sub-freezing temperatures across California has damaged the state’s $2 billion citrus crop, but it will take several weeks before the extent of the loss is quantified, agricultural industry officials said on Wednesday. The National Weather Service …

Food Stamp Gridlock Hurting Chance of Congress Passing Farm, Crop Insurance Bill

The chances of the U.S. Congress passing a five-year farm bill by year’s end are a little better than 50/50 given the gridlock over food stamps for the poor, a top farm policy expert said on Monday. “There is a …

South Dakota Farmer Charged With Filing False Insurance Claims

A South Dakota farmer is charged in federal court with three counts of filing false crop insurance claims. Fifty-two-year-old Nicholas Berbos has pleaded not guilty to the charges. Trial is scheduled May 13 in Aberdeen. The indictment accuses Berbos of …