Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
AIR Estimates Typhoon Chan-hom Insured Losses Less than $354 Million
Jul 16 2015 // According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2 billion [$354.3 million]. “Typhoon Chan-hom made landfall in the coastal city of...
Arkansas AG Launches Metal Theft Enforcement Program
Jul 15 2015 // Arkansas Attorney General Leslie Rutledge recently announced a new initiative from the Attorney General’s Special Investigations Division to combat the problem of metal theft. During a press conference at the state...
Feral Hog Damage to Louisiana Crops: $30M and Counting
Jul 14 2015 // A study by the LSU AgCenter finds feral hogs have caused at least $30 million in damage to crops on Louisiana farms in 2013. AgCenter economist Shaun Tanger has been gathering data for more than a year from Louisiana...
California Agents Get Creative to Sell Rideshare Endorsement
Jul 9 2015 // Kathy Lamm, an insurance agent in Costa Mesa, Calif., over the past month has been busy selling a ridesharing endorsement that Farmers Insurance Group introduced in California in late May. Lamm started spreading the word...
U.S. Power Grid Attack Could Cause $70 Billion Insurance Losses: Lloyd’s Report
Jul 8 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
Texas Court Approves $84.4M Settlement in Farmers Case
Jul 7 2015 // A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The...
Montana Thunderstorm Results in Crop Damage, Power Outages
Jul 7 2015 // A strong thunderstorm that blew across northern Montana over the weekend brought strong winds and large hail that caused property and crop damage and power outages along a 300-mile stretch of the state from Cut Bank to...
Farmers Introduces Rideshare Coverage in Utah
Jul 6 2015 // Farmers Insurance has launched what is believed to be the state’s first rideshare insurance coverage designed to provide seamless coverage for ridesharing drivers in Utah. The coverage comes less than two months...
Crop Insurance Payments for Drought More Than for Flooding
Jul 6 2015 // Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to agriculture despite...
Nationwide to Pay West Virginia $5.75M in Farm Bureau Discount Suit
Jul 5 2015 // Attorney General Patrick Morrisey has reached a $5.75 million settlement with Nationwide Insurance regarding a discount on certain insurance products for West Virginia Farm Bureau members. Morrisey announced the settlement...
Spate of Climate Change Reports Ahead of Global Summit
Jul 2 2015 // Ahead of December’s big and much-talked about United Nations Climate Change Conference, COP21 or CMP11, it seems there’s been an information ramp up of sorts. I’m not just talking about Pope...
Flooding, Rain Problematic for Ohio Corn Growers
Jun 30 2015 // Extensive flooding and heavy rains have affected corn fields across Ohio and left growers contending with the possibility of lost or damaged crops. Flooding and ponding could kill some corn crops, an Ohio State University...
New Mexico Court Rules Farm, Ranch Laborers Eligible for Workers’ Comp
Jun 30 2015 // The New Mexico Court of Appeals has cleared the way for farm and ranch laborers to receive workers’ compensation benefits. In a ruling issued this week, the court declared unconstitutional a provision in state law...
Louisiana Farmers, Ranchers Brace for Worst Year Since 2008
Jun 26 2015 // Flooded fields and fickle temperatures put Louisiana farmers and ranchers in a pensive mood as they gathered here for the Farm Bureau Federation Convention, the state’s largest annual celebration of...
Iowa Egg Farm Sued After Bird Flu Disrupts Supply
Jun 25 2015 // A food supplier claims an Iowa egg farm breached a contract after bird flu disrupted the supply of eggs. Michael Foods Egg Products Co., a subsidiary of St. Louis-based cereal-maker Post Holdings Inc., filed a lawsuit in...
Crop Insurance Payments for Drought More Than for Flooding
Jun 23 2015 // Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to agriculture despite...
Most Drivers Mum About Ridesharing, Although Many Agents Ask
Jun 23 2015 // Roughly three quarters of ridesharing drivers don’t have ridesharing insurance, and nearly eight-in-10 conduct their ridesharing activities covertly and keep their insurer or agent in the dark. Two informal polls...
Feds Want Proceeds from Convicted North Dakota Farmers’ Property Sale
Jun 22 2015 // Prosecutors are asking a judge to allow the government to seize money from an auction sale by two North Dakota brothers who were ordered to pay back more than $900,000 for intentionally destroying potatoes to collect...
Remnants of Tropical Storm Bill Headed for the Midwest
Jun 18 2015 // Tropical Storm Bill wrung out almost 12 inches of rain over parts of eastern Texas, was downgraded to a depression and then handed off from the National Hurricane Center to the Weather Prediction Center. That doesn’t...
Farmers Introduces Rideshare Insurance Coverage in Arkansas
Jun 15 2015 // Los Angeles-based Farmers Insurance has launched Rideshare Insurance Coverage for ride-hailing drivers in Arkansas. Farmers worked with representatives of the Arkansas Insurance Department, legislators and leaders of...
