Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
11 N La. Parishes Named Drought Disaster Areas
Aug 17 2012 // Louisiana Agriculture Commissioner Mike Strain says the U.S. Department of Agriculture has designated 11 north Louisiana parishes as disaster areas because of drought. He says he was notified Wednesday that four –...
Zurich Insurance Group Posts $2.2 Billion 1st Half Net Income
Aug 16 2012 // Zurich Insurance Group posted a $2.2 billion net after tax income available to shareholders. Other selected highlights from the earnings report are as follows: Q2 2012 Q2 2011 Business operating profit...
McCaskill, Akin Explain Farm Bill Differences
Aug 13 2012 // Democratic Sen. Claire McCaskill of Missouri stressed her support for federal crop insurance legislation and other rural interests on Aug. 10 while her new Republican challenger, U.S. Rep. Todd Akin, defended his...
Crop Insurers’ Payouts Already Top $800 Million This Season
Aug 10 2012 // U.S. crop insurers have already paid out $822 million in indemnities this season, but it is still far too early to tell how large the industry’s losses will ultimately be, National Crop Insurance Services said on...
El Niño Almost Certain to Arrive In Next 2 Months: U.S. Forecaster
Aug 10 2012 // The U.S. government forecaster warned on Thursday that the feared El Niño phenomenon, which can affect global weather, is almost certain to occur over the next two months, potentially adding strain to global food...
U.S. Crops Get a Break from Historic Drought
Aug 8 2012 // Rain and cooler temperatures in the drought-stricken U.S. Midwest crop belt will provide relief for late-season soybeans, but the change in the weather is arriving too late to help the already severely damaged corn crop,...
Aon Benfield Monthly Cat Report Highlights China Floods; Agriculture Losses
Aug 8 2012 // The latest report on the world’s catastrophes from Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, highlights flooding in China that generated more than $8.3 billion in economic...
Copper Theft on Rise in Alabama
Aug 6 2012 // Copper thefts are becoming a growing problem for Alabama farmers. Southeast Alabama farmer Trey Martin said someone stole the copper wiring from his irrigation system. The copper wire was worth $50, but the damages to the...
Crop Insurance Helps Farmers Now More Than in 1988 Drought
Aug 6 2012 // U.S. crops are taking a beating in the worst drought since 1988 but most farmers are not sweating like they did 24 years ago when a drought hit as they were just starting to recover from a farm depression that brought down...
House Passes $383 million US Drought Aid Bill for Ranchers
Aug 3 2012 // The U.S. House of Representatives passed a $383 million disaster relief bill on Thursday that provides political shelter for lawmakers during the worst drought in half a century, but may not release the aid for months to...
What is insurance anyway?
Aug 2 2012 // A friend involved in the crop insurance industry recently wrote to me taking issue with a reference I had made proposed shallow loss “insurance” (my words) program in the farm bill currently pending before...
Farmers Raises Rates in Alabama; Pulls Wind Coverage on Coastal Rental Policies
Aug 2 2012 // One of Alabama’s largest homeowners’ insurers is raising rates on property insurance by as much as 35 percent per policy while dropping some 2,900 rental properties along the state coastline as part of plan to...
Monsanto Wins Patent Suit Against DuPont in Genetically Modified Seed Case
Aug 2 2012 // Shares of Monsanto, the world’s largest seed company, rose on Thursday and DuPont shares fell after Monsanto won a $1 billion victory over its archrival in a lawsuit concerning patents in the agricultural seed...
Facing Paltry Yields, Kentucky Farmers Hope Insurance Will Cover Costs
Jul 31 2012 // Kentucky agriculture is reeling from a summertime one-two punch of blistering heat and dry conditions, and farmers are feeling the pain from the prospects of shrinking income and inflated expenses caused by weather-related...
Dead Cattle, Devastation In Wake Of Western Fires
Jul 27 2012 // Cecil and Delores Kolka thought they escaped the worst of the Ash Creek Fire when the 390-square-mile blaze spared their home and several pastures as it ripped through the couple’s Montana cattle ranch. But when the...
Drought Bill May Get Washington to Act on Farm Bill
Jul 27 2012 // A comparatively low-priced disaster bill for livestock producers hit by the worst U.S. drought since 1956 may be the ticket to passage for a $500 billion farm bill now in limbo in Congress. Republican leaders in the House...
House Backs Obama Quashing of Safety Rules for Child Farmworkers
Jul 26 2012 // The House of representatives this week barred the labor secretary from imposing new safety rules for children working on farms, putting a legal stamp on a Labor Department decision to put off action on the rules. The Labor...
Midwest Light Rain Not Enough to Stave Off Crop Losses
Jul 26 2012 // Light showers overnight in the southwestern U.S. Midwest were too little too late to prevent further losses to corn and soybean yields, and next week will bring the return of high heat and drought, an agricultural...
Crop Insurance Helps Farmers Now More Than in 1988 Drought
Jul 24 2012 // U.S. crops are taking a beating in the worst drought since 1988 but most farmers are not sweating like they did 24 years ago when a drought hit as they were just starting to recover from a farm depression that brought down...
Crop Insurers Can Handle Midwest Drought Losses: Fitch
Jul 23 2012 // Analysts at Fitch Ratings say they believe the leading writers of crop insurance will be able to absorb any near-term crop losses from the current drought in the Midwest. Fitch said the insurers are likely to maintain...
