crop insurance News

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 …

Feds Investigating Potential Crop Insurance Fraud in Kentucky

Federal investigators say they believe Central Kentucky tobacco farmers, crop insurance agents, tobacco warehouse owners and others conspired to defraud thousands and possibly millions of dollars from the U.S. Department of Agriculture’s program that insures crops. The Lexington Herald-Leader reports …

Kentucky Farmers Ready for Growth of Hemp Industry

Tucked away off a narrow country road in Clark County, Kentucky, in the middle of a farm, 27 acres of hemp grew all summer. Now, the plants will be harvested and processed. Kentucky, hailed as a leader by industrial hemp …

Florida Man Charged with Fraud, Theft of 4M Pounds of Citrus

State agriculture officials say a Florida man is accused of illegally obtaining more than 4 million pounds of citrus, valued at over half a million dollars, from five different individuals and companies. Agriculture Commissioner Adam Putnam said in a news …