Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Farmers Expects $2.1B in Claims from California Wildfires
Dec 5 2018 // Farmers Insurance expects $2.1 billion in claims from the California wildfires in November. The Los Angeles, Calif.-based carrier said it has so far received more than 9,000 claims combined for the Camp Fire in Northern...
Nebraska Farm Bureau: Trade Conflicts Cost State $1.2B
Dec 5 2018 // A Nebraska Farm Bureau report says trade conflicts have cost Nebraska farmers up to $1 billion in farm income this year. The report released on Dec. 3 says additional costs include between $164 million and $242 million in...
Fraud Forces Minnesota Agribusiness Giant CHS to Lower 5 Years of Profit
Dec 5 2018 // Inver Grove Heights, Minnesota-based CHS Inc. has lowered five years of profits by nearly $158 million as the global grain, energy and food company recovers after a freight trader falsified records. The farmer-owned...
North Carolina Legislature Finalizes $300M Hurricane Relief Spending
Dec 4 2018 // Nearly $300 million in additional state spending to address North Carolina’s recovery from Hurricane Florence received quick and unanimous approval from the state legislature and the governor. The House voted...
Democrats, Republicans Tentatively Agree on Farm Bill with Crop Insurance
Nov 30 2018 // Democrats and Republicans said they reached a tentative deal on farm legislation after jettisoning controversial work requirements for food stamp recipients demanded by President Donald Trump and conservatives in the...
Arkansas Plant Board Committee: Regulate Dicamba Use in 2019
Nov 29 2018 // An Arkansas Plant Board committee recommended that the state allow farmers to use the herbicide dicamba next year but extend protections to prevent the weed killer from drifting and damaging crops. The board’s...
2.9M Colorado Residents Now Living in Areas at Risk Of Wildfire
Nov 29 2018 // The number of Coloradans whose homes are at risk from wildfires soared 45 percent in five years, reflecting the state’s booming population and changing uses of agricultural land, state officials said. The Colorado...
Senators Encouraged by Talks on Farm Bill
Nov 29 2018 // U.S. lawmakers are very close to reaching a consensus in days on the Farm Bill, two senior senators said on Wednesday, after months of bitter partisan debate over the legislation to fund $867 billion in food and...
Analysts Weigh Chances Next Congress Will Actually Reform Flood Insurance
Nov 28 2018 // With the clock ticking on the National Flood Insurance Program’s authorization that is set to run out this Friday, Nov. 30, Congress is expected to renew the program short-term by taking one of several routes:...
A.M. Best: National Farmers Union Property and Casualty Ratings Under Review
Nov 26 2018 // A.M. Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of National Farmers Union Property and Casualty...
Report by 13 U.S. Agencies Warns of Dire Economic Effects from Climate Change
Nov 25 2018 // As California’s catastrophic wildfires recede and people rebuild after two hurricanes, a massive new federal report warns that these types of disasters are worsening in the United States because of global warming....
Navajo Nation President Extends Crop Insurance Amid New Mexico Drought
Nov 21 2018 // Outgoing Navajo Nation President Russell Begaye has extended the tribe’s crop insurance amid ongoing extreme drought conditions. The Gallup Independent reports Begaye signed the insurance contract earlier this month....
S.C. Department of Insurance Director Farmer Named President-Elect at NAIC
Nov 21 2018 // South Carolina Department of Insurance Director Ray Farmer was elected to the position of president-elect at the NAIC (National Association of Insurance Commissioners) Fall National Meeting on November 18. Previously,...
Florida Picks Up the Pieces from Powerful Hurricane Michael
Nov 20 2018 // This photo shows debris and destruction in Mexico Beach, Fla., Friday, Oct. 12, 2018, after Hurricane Michael went through the area on Oct. 10. Mexico Beach, the ground-zero town, was nearly obliterated by the hurricane,....
3 Louisiana Parishes Designated USDA Natural Disaster Areas
Nov 19 2018 // The U.S. Department of Agriculture (USDA) has designated three Louisiana parishes as contiguous disaster areas as the result of excessive rain and flooding that occurred April 1 to June 30, 2018, according to Agriculture...
Kentucky Woman Gets 5 Years, Ordered to Pay $1.6M for Crop Insurance Fraud
Nov 16 2018 // A Kentucky woman was sentenced to five years in prison and ordered to pay $1.6 million in restitution for crop insurance fraud. The U.S. attorney’s office in Lexington said 63-year-old Debra Muse of the Wallingford...
Company Faces OSHA Fines Due to Farmworker’s Death in Nebraska
Nov 15 2018 // A federal safety agency has proposed fining a company in connection with the death of an employee who was working in a Hall County, Nebraska, cornfield. The Occupational Safety and Health Administration is proposing...
JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms
Nov 15 2018 // JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More commonly known for flood maps and models, JBA collaborated with Chaucer through its...
North Carolina Ag Chief Says $250M in Aid Needed for Farmers After Florence
Nov 15 2018 // North Carolina Agriculture Commissioner Steve Troxler says his agency needs the full $250 million he requested for cash payments to farmers with destroyed crops and dead livestock from Hurricane Florence and another...
QBE North America Sells National Farmers Union to National General
Nov 14 2018 // National General Holdings Corp. has agreed to acquire National Farmers Union Property and Casualty Co. from QBE North America. The estimated purchase price is $43 million. National Farmers Union Insurance writes personal...
