Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
U.S. Report: Climate Change Here, Deal With It
May 19 2014 // Climate change is in the here and now, according to a massive report issued earlier this month. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the...
Nebraska Supreme Court: Farmers not Negligent in Fatal Crash
May 19 2014 // The Nebraska Supreme Court on May 2 upheld a lower court ruling that two farming brothers were not negligent in a 2007 fatal crash where tall corn created a blind intersection. The Oct. 6, 2007, crash in Saunders County...
Report Cites Crops Most Vulnerable to El Nino
May 16 2014 // The El Nino weather phenomenon that is likely to strike this year will damage world maize, rice and wheat yields but boost soybeans, according to a study on Thursday that could help farmers plan what to grow. The...
Africa Launches First Catastrophe Risk Insurance Pool
May 16 2014 // In the 1980s images of skeletal Ethiopian babies and their parents, dying from hunger during a devastating famine, helped galvanize global humanitarian and financial aid to drought-ravaged African countries. Three decades...
CIG Names Ostrem Regional Field Executive for Southern California
May 15 2014 // Capital Insurance Group named Bruce Ostrem the regional field executive for Southern California. CIG recently created the new Southern California region, consisting of Ventura, Anaheim and San Diego territoriesfield. CIG...
Wal-Mart Settles Claims Over Listeria Deaths Linked to Cantaloupes
May 15 2014 // Wal-Mart has settled lawsuits with the families of 23 people who died from a 2011 listeria outbreak traced to cantaloupe grown at a Colorado farm and sold by the retailer, both sides said on Wednesday. Thirty-three people...
Cruey Promoted to Divisional President of Great American Agribusiness Group
May 12 2014 // Great American Insurance Group promoted Jeffrey (Jeff) Cruey to divisional president of its specialty property and casualty agribusiness division. Cruey joined the company in 2011 as a divisional senior vice president...
Nationwide Reports P/C Premium Up 6% in Q1; Weather Lowers P/C Profit
May 12 2014 // Nationwide reported total operating revenue of $6.1 billion for the first three months of 2014, up 5 percent over the same period last year and steady compared to fourth quarter 2013. First quarter operating earnings were...
March Freeze Could Mean $27M in South Carolina Peach Losses
May 7 2014 // Officials said the late March freeze that killed roughly 30 percent of this year’s South Carolina peach crop will cause statewide losses of at least $27 million. During a stop at the headquarters of the J.W. Yonce...
U.S. Report: Climate Change Here, Deal With It
May 6 2014 // Climate change is in the here and now, according to a massive report issued on Tuesday. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for...
Nebraska Supreme Court: Farmers not Negligent in Fatal Crash
May 6 2014 // A lower court was right to find that farming brothers were not negligent in a 2007 fatal crash where tall corn created a blind intersection, the Nebraska Supreme Court ruled on May 2. The crash occurred on Oct. 6, 2007, in...
Capital Insurance Group Launches Risk Mitigation Resource
May 5 2014 // Capital Insurance Group (CIG), a property and casualty insurer serving the Western United States, has launched a new, online risk mitigation platform, CIG RiskAlly. The new resource is currently available for CIG...
ACE Limited Reports $734 Million Q1 Net Income; $777 Million Operating
Apr 30 2014 // ACE Limited report first quarter, 2014 net income of $734 million, compared to $953 million in Q1, 2013. The decrease came from the capital gain/loss side of the ledger. ACE posted a $207 million capital gain in Q1, 2013,...
PartnerRe Reports $295.7 Million Q1 Net Income; $176.9 Million Operating
Apr 29 2014 // Bermuda-based PartnerRe Ltd. reported a net income of $295.7 million, or $5.61 per share for the first quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $115.8 million, or $2.20...
Disaster Loans Made Available for New Mexico Small Businesses
Apr 28 2014 // Small businesses in eight New Mexico counties are eligible for federal disaster loans due to the drought. The U.S. Small Business Administration made the announcement Friday, saying the loans can help offset economic...
Top 25 Crop Insurance Writers: SNL
Apr 23 2014 // Wells Fargo & Co.’s Rural Community Insurance Co. is now the largest writer of multiple peril crop insurance after picking up five percentage points of market share in 2013 to surpass ACE Ltd., according to a...
Federal Insurance Plan Aims to Protect Reluctant Dairy, Livestock Farmers
Apr 23 2014 // A plan in the new U.S. farm law to help dairy farmers limit losses from rising feed costs or falling milk prices may become a model in coming years for livestock producers who have resisted similar types of insurance. The...
Agriculture Economists Help Mississippi Farmers Select Crop Insurance
Apr 23 2014 // Mississippi growers at some point this fall will have to make a momentous, one-time decision on how best to insure their livelihood over the next five years. In arriving at that decision, they will depend in large part on...
Feds Widen Probe Into North Dakota Brothers’ Alleged Crop Insurance Scam
Apr 22 2014 // Federal authorities have expanded the scope of their investigation into two brothers from North Dakota accused of intentionally destroying potatoes to collect crop insurance payments. The original indictment alleged that...
El Nino Seen Starting by July as UN Highlights Risk to Rice
Apr 22 2014 // An El Nino will probably start as soon as July, according to the Australian government forecaster, adding to predictions for the event that can affect weather patterns worldwide and roil farm-commodity prices. All the...
