Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Federal Budget Cuts Eliminate Crop Insurance Premium Refunds
Apr 12 2011 // The budget deal agreed to by President Barack Obama and Republican and Democratic leaders last Friday to avoid a government shutdown calls for $28 billion in spending cuts to the budget to fund the government until Sept....
Ascension Insurance Acquires California’s Walter L. Clark & Associates
Apr 8 2011 // Kansas City, Mo.-based Ascension Insurance Inc. announced it acquired Walter L. Clark & Associates Inc., headquartered in Fresno, Calif., effective March 31, 2011. Walter L. Clark & Associates offers commercial...
ICC Warns Doha Failure Would Have Dire Consequences for World Economy
Apr 7 2011 // The Paris-based International Chamber of Commerce (ICC) has issued a bulletin strongly supporting a call from the World Trade Organization (WTO) for a breakthrough in the Doha Round of talks in April, “if these...
Officials Look to Curb ‘Rebating’ in Sales of Federal Crop Insurance
Apr 1 2011 // Farmers and insurance agents who sell them federal crop insurance policies may soon be required to certify that they are not participating any rebating or incentive schemes related to the purchase of those policies. The...
Zenith Offers Agribusiness Insurance
Mar 30 2011 // In what appears to be its first foray into offering liability coverages, Zenith Insurance Co., a workers’ compensation insurance specialist, will be offering agribusiness insurance in California. Through its...
Good News for Midwest Farmers on Crop Insurance
Mar 28 2011 // There were some weary insurance agents in the region March 16. There were plenty of farmers with better-than-usual crop insurance coverage, too. March 15 was the deadline for purchasing or modifying crop insurance for...
Guy Carp to Develop Agriculture Microinsurance for Mozambique Farmers
Mar 23 2011 // International reinsurance broker Guy Carpenter & Co. announced that it will receive a $1.0 million grant from the International Finance Corporation (IFC), a member of the World Bank Group. The grant will be used to...
Ironshore Specialty Introduces Lead Umbrella Product for Agriculture Industry
Mar 23 2011 // Ironshore Inc. has introduced Ironshore AgriProtection, an agriculture industry lead umbrella policy launched in response to increased demand from a large, middle market commercial agribusiness entities. Ironshore...
Arkansas Economy Less Affected by Recession
Mar 21 2011 // Arkansas’ economy has been less affected by the national recession than most other states because of its concentration on agricultural industries, according to a report released March 18. The report, issued by the...
Food Bells? Ringing the Risks of Food Prices
Mar 21 2011 // Food prices continue to ride a rollercoaster. In the first quarter of 2011 the food price index of the United Nations’ Food and Agriculture Organization set new records in real and nominal terms. While food prices...
Russell Consulting Group Makes Two Appointments
Mar 9 2011 // Russell Consulting Group, a Midwest-based risk management and financial planning firm, and its majority owner Country Hedging Inc., commodity brokerage subsidiary of leading grains, energy and foods company CHS Inc., has...
UN’s FAO Notes Climate Change, Biofuels Threaten Food Security
Mar 7 2011 // Climate change bringing floods and drought, growing biofuel demand and national policies to protect domestic markets could boost global food prices and threaten long-term food security, the United Nations said. High and...
Midwest Prepares for Massive Spring Flooding
Mar 7 2011 // One of the snowiest winters on record for the Midwest and northern U.S. Plains have crop watchers worried about a repeat of the massive flooding that hit one of the world’s top grain producing regions in...
Climate Change to Drive up Food Prices
Mar 2 2011 // Global food prices are likely to keep rising as production struggles to match demand and extreme weather events become more frequent, a climate-change advisor to the Australian government said on Wednesday. Ross Garnaut...
Best Affirms Endurance Specialty and Subs ‘A’ Ratings
Feb 25 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed...
Demand for Agricultural Insurance Expected to Grow
Feb 25 2011 // The agricultural insurance market is facing rising demand along with pressures to adapt to changes in farming and to become more efficient in delivering products. Increasing world demand for food is driving up commodity...
Demand for Agricultural Insurance Coverages Expected to Grow
Feb 21 2011 // Increasing world demand for food is driving up commodity prices for corn, soybeans, wheat and other food staples. At the same time, the U.S. farming economy is strong, the federal crop insurance program is being changed,...
A New Playing Field
Feb 21 2011 // The Farmers Insurance Exchange agreed to pay $700 million for the naming rights to the proposed downtown Los Angeles football stadium and event center, a deal backers say is a big step towards attracting an NFL team to the...
Iowa Supreme Court: Agent not Required to Suggest Unrequested Coverage
Feb 21 2011 // The Iowa Supreme Court sided with an insurance agent in a case involving whether the agent has a duty to advise clients as to the need for insurance coverage about which the clients had not inquired. In considering an...
Record Number of Grain Bin Accidents in 2010
Feb 17 2011 // Clumps of moldy corn crashed down around Lael Steinhoff, burying him above his waist for more than three hours before rescue workers could free him from a grain bin on his western Iowa farm. Steinhoff, 61, was one of the...
