#agricultural insurance

[farmerstrend]

Global Collaboration for Local Impact: How LM Re, Sprout, and Britam are Supporting Kenyan Coffee Growers Against Drought

Liberty Mutual Reinsurance (LM Re) has announced a partnership with Insurtech firm Sprout, Inc and Kenyan financial services company Britam to introduce a new parametric insurance product aimed at protecting Kenyan coffee growers from financial losses caused by drought. This new product, developed through collaboration at the Lloyd’s Lab Launchpad Pitch, is designed to provide swift payouts…

[kg2adam]

Agricultural Insurance in Australia

Under the agricultural policy, farmers have to pay a meagre amount to the insurance-providing company, usually in the form of a small percentage that guarantees coverage against loss caused due to death, flood, drought, etc. This insurance also covers the farmer’s expenses for a certain period of time, within which the insured farmer has to reimburse the amount.

To read the full article follow the link below:

https://kg2.com.au/agricultural-insurance-in-australia/

[probablyasocialecologist]

Agricultural production is worth protecting; food and fiber are too important to be subject to the increasingly cruel vagaries of the weather and global trade. But as it stands, the [Federal Crop Insurance Program] is maladapted to the challenges of our modern world, where places like Arizona are routinely smashing through high heat records and water in the West is becoming increasingly scarce. While home insurers like State Farm are pulling out of California and Florida due to the mounting costs of climate disasters, the FCIP is doing the opposite: insulating farmers from the true cost of doing business. The average return for home and auto policies is about 60 cents per dollar spent on premiums. Farmers receive an average of $2.22 for every dollar they put into crop insurance. As a result, between 2000 and 2016, farming businesses—mostly large ones—collectively pocketed $65 billion more in claim payments than they paid in premiums. They were paid to plant crops that never came to market.

[kshemageneralinsurance]

Kshema is India’s Digital Insurance Company For Agriculture & Food Sectors

Kshema is India’s digital Insurance company that caters predominantly to cultivators of the Agriculture & Food Sectors. Our mission is to enable resilience among cultivators across the country, from income shocks due to extreme climate events and other vagaries, with insurance.

I AGRI — our proprietary location-aware platform that assesses and prices risk adequately allows us to address pre-harvest risks at a farm level. Developed in partnership with leading global experts in Spatial data sciences, actuaries, financial engineers and remote sensing experts among others, the platform allows us the benefit of drawing evidence-based results to expand the scope of our services beyond traditional risk analyses.

• A D2C rural insurance company with emphasis on creating products for cultivators.

• Kshema would create insurance solutions, through geo-tagging for many location-specific pre-harvest risks faced by cultivators.

• We aim to incentivize sustainable cultivation practices contributing to a ‘Net Zero Emissions Planet’ and Sustainable development Goals in the future.

• A well-capitalized company led by promoters with a progressive vision and a growth mindset.

• Kshema is an equal opportunities provider. Whether it’s our employees, vendors or partners, we only consider their merit and the value they create.We are changing the world, one farmer at a time — if you are passionate about creating impact on a global scale — join our journey.

[thepotentialof2007]

the majority of [united states] government funding and taxpayer-backed programs in agriculture support corporate-controlled livestock and poultry operations and the production of grains (like corn and soybeans) to feed their animals

[x][x]

[townpostin]

Divisional Cooperative Maha Sammelan in Jamshedpur Boosts Farmer Support

Agriculture Minister distributes assets worth ₹4.85 crore to beneficiaries Jamshedpur’s Divisional Level Cooperative Maha Sammelan highlighted government initiatives to empower farmers and cooperative societies. JAMSHEDPUR – The Divisional Level Cooperative Maha Sammelan was conducted at the Ravindra Bhawan auditorium in Sakchi, with Agriculture Minister Deepika Pandey Singh serving as the…

[jobsnotices]

Sagarmatha Insurance Company (SALICO) Vacancy 2081 for Various Positions

Sagarmatha Insurance Company (SALICO) Vacancy 2081 for Various Positions. Interested and qualified candidates can apply by 7th August 2024. CAREER OPPORTUNITY  Sagarmatha Insurance Company (SALICO) Vacancy 2081 for Various Positions Sagarmatha Insurance Company Ltd and Lumbini General Insurance Company Ltd have merged and we have laid the foundation to build a uniquely positioned strong entity to…

[projectchampionz]

Evaluating Crop Farming Practices and Agri-Education to Enhance the Quality and Relevance of Agricultural Education and Training Programs

Evaluating Crop Farming Practices and Agri-Education to Enhance the Quality and Relevance of Agricultural Education and Training Programs Abstract: This research project aims to assess the current state of crop farming practices and agricultural education programs to identify opportunities for improving the quality and relevance of agricultural education and training. The study will employ a…

[dikoderbeatz]

Protesters Rally Against SSNIT Hotel Sale, Ablakwa Leads Petition to Presidency

In a bold display of dissent, concerned citizens gathered in Accra yesterday to protest the controversial sale of a 60% stake in six hotels owned by the Social Security and National Insurance Trust (SSNIT). Organized under the banner of ‘Hands Off Our Hotels’, the demonstration saw a coalition of activists, workers, and political figures voicing their opposition to what they perceive as an abuse…

[yimsoksophors]

Field validation: Agri-financing and insurance market assessment

The mission team conducted a ground check regarding the agri-finance baseline with agricultural cooperatives, the private sector, including cashew nut processors, the Cashew Nut Association of Cambodia, as well as MFIs and banks. The purpose of the mission was to verify and validate the agri-financing and insurance baseline assessments by gathering additional data on the ground. Based on the…

[sayruq]

The Malawi government has finally spoken out on the arrest of Malawian farm workers in Israel, clarifying that 12 out of 40 individuals detained are from the country. According to Minister of Information Moses Kunkuyu, the 40 individuals, representing 13 nationalities, were arrested for leaving their designated work stations and seeking employment in town without proper authorization. Kunkuyu revealed that the group, including the 12 Malawians, had abandoned their farm work to seek jobs at a bakery in Bnei Brak, violating Israel’s labor laws and regulations.

Malawi and Israel signed a labor export deal in 2022, allowing Malawi to send unskilled laborers to Israel to work in various sectors, including agriculture and construction. The deal aimed to generate more foreign exchange revenue for Malawi and provide employment opportunities for its citizens. Under the deal, Malawian workers are expected to work in Israel for a maximum of 5 years, with a minimum salary of $1,500 per month. The deal also includes provisions for workers’ safety, health insurance, and protection from exploitation. However, the deal has faced criticism and controversy, with some opposition politicians and human rights organizations expressing concerns about the secrecy surrounding the deal and the potential risks to workers’ safety.

The arrest of the Malawian workers has raised concerns about the treatment of foreign workers in Israel and the effectiveness of the labor deal in protecting their rights. Human rights organizations have called on the Malawian government to take action to ensure the safe return of the detained workers and to review the labor deal to prevent similar incidents in the future. The incident has also sparked debate about the benefits and risks of labor export deals and the need for greater transparency and accountability in such agreements.

The mistreatment of foreign workers in Israel is well documented and would explain why the 45 workers escaped the farm to look for work elsewhere

[bixlerinsurance]

Coverage Associated With Homeowners Insurance in Fort Wayne and Bluffton, IN

Investing in a home makes the American dream come true. Sure, such an action requires considerable investment, with the savings completely wiped out for many people. It makes sense to protect the asset, therefore. Safeguarding the home from all possible risks and protecting one's belongings at the same time is akin to magic. Fortunately, it is possible to buy homeowners insurance in Fort Wayne and Bluffton, IN.

Sadly, many homeowners overlook the necessity of buying home insurance. Shopping for a suitable insurance plan is often an afterthought that leaves one open to all sorts of financial risks, especially in the wake of a disaster. The person who intends to buy insurance may be confused by complex terms depicting various types of coverage. It is essential to know that most home insurance policies provide six distinct types of coverage. The coverage may be split into multiple parts, thus making it confusing. The coverage that one obtains by being covered by home insurance usually includes the following:-

· Dwelling- This is the primary coverage that all insurance carriers offer. It compensates for repairing or replacing the building structure's walls, roof, and floor after damage by a natural disaster. The in-built appliances and the attached structures, such as the garage, patio, porch, and/or fencing, are also covered. 

· Personal Property- Any damage or destruction and loss of personal possessions included in the list will be compensated for when the reason is a covered peril. This may include clothes, furniture, electronic items, and fitness equipment.

· Unattached structures- The structures not attached to the main building may also be covered. It often includes structures such as gazebos, detached garages, or outhouses. The sum provided as compensation may be limited to 10% of the dwelling coverage, usually.

· Additional Living Expenses- Known as Loss of use alternatively, the insurance company will cover the expenses for living in a hotel or another home when the insured home is damaged extensively and unable to provide shelter. The insured individual may use another living facility until the original home becomes habitable again.

· Personal Liability- The homeowner may be held liable for causing injury or property damage to a guest or visitor who happens to be in the home when the incident occurs. The insurance company will not only pay the settlement costs on behalf of its customer but may even pay for the legal expenses when the homeowner is sued for liability.

· Medical Payments- This is a special type of coverage that is closely associated with liability. The carrier will bear the medical expenses for a guest or visitors who are injured within the home. This will be done irrespective of the fault. 

People who make a living by farming land or rear animals for livelihood are prone to multiple risks that affect their income. It is a good idea for them to consider buying agriculture insurance in Fort Wayne and Portland, MI, by including the right coverage.

[head-post]

Farmers unions seek to restrict imports of agricultural products from Ukraine

Six unions representing farmers and processors in the EU proposed limiting imports of agricultural products from Ukraine in their respective sectors.

The sectors involve sugar, cereals, oilseeds, poultry meat and eggs. They believe that the survival of European producers depends on this.

They put forward six proposals which they hope will be taken into account by the European Commission, Council and Parliament.

Read more HERE

[dvaraedairy]

Dairy Digital Solutions: Transforming Agriculture Through Smart Cattle Financing

The heart of a dairy farm isn't churning separators or gleaming stainless steel tanks – it's the beating hooves and soulful eyes of the cows themselves. Yet, despite their central role, access to financing for acquiring and managing these vital assets remains a significant hurdle for many dairy farmers. Traditional lending models, often opaque and riddled with collateral requirements, can leave smaller players struggling to expand their herds or implement critical farm upgrades. But what if there was a way to unlock the potential of every moo and transform cattle financing into a catalyst for dairy success?

Enter dairy digital solutions, a constellation of tech-driven tools that are revolutionizing the landscape of financing for both established and aspiring dairy farmers. Gone are the days of siloed data and gut-feel decisions; in their place, a symphony of sensors, algorithms, and cloud-based platforms is orchestrating a paradigm shift.

At the forefront of this transformation is cattle identification tags. These seemingly unassuming devices, embedded with advanced technology like RFID chips or GPS trackers, act as the Rosetta Stone of the bovine world. They provide real-time insights into individual animal health, milk production, and grazing patterns, painting a vibrant portrait of each cow's contribution to the farm. This data, once gleaned, becomes the lifeblood of dairy digital solutions, powering a range of innovative financing models.

Imagine a world where lenders no longer rely solely on landholdings or credit scores. Instead, they base their decisions on the intrinsic value of a farmer's herd, assessed through a tapestry of data woven by cattle identification tags. This data can reveal high-performing animals, predict milk yields with remarkable accuracy, and even anticipate potential health issues – all of which become tangible metrics for gauging creditworthiness and tailoring loan terms.

For the farmer, this translates to smart cattle financing. Loans can be secured based on projected milk outputs, enabling the purchase of high-potential heifers or the installation of milk-recording systems. Insurance premiums can be dynamically adjusted based on real-time health data, mitigating risks and promoting responsible animal husbandry. The possibilities are as vast as the pastures themselves.

But dairy digital solutions extend far beyond financing. The same data gleaned from cattle identification tags can be used to optimize farm operations, boosting efficiency and profitability. Farmers can monitor pasture utilization, identify grazing hotspots, and implement rotational grazing practices that conserve land and maximize output. Milk production data can be analyzed to identify underperforming animals or optimize feed rations for individual cows, ensuring optimal health and productivity.

This data-driven approach is particularly empowering for dairy startups. Young farmers, often lacking substantial collateral, can leverage the insights gleaned from dairy digital solutions to build credible business plans and attract investors. Lenders, once apprehensive of unproven ventures, can gain confidence through the transparency and predictability offered by data-driven analysis.

Dairy digital solutions are not merely a technological upgrade; they represent a fundamental shift in the way we value and manage dairy operations. By empowering farmers with data-driven insights and facilitating access to customized financing, these solutions are paving the way for a more sustainable, profitable, and ultimately, more humane dairy industry. The future of dairy farming is no longer shrouded in uncertainty; it's illuminated by the glow of digital innovation, guided by the rhythmic click of cattle identification tags, and fueled by the transformational power of smart cattle financing.

This is just the beginning of an exciting journey, where every moo whispers valuable data, and every farmer has the potential to unlock a universe of possibilities. The future of dairy is digital, and the time to embrace it is now.

[ibeforg]

Crop Protection Made Easy with Pradhan Mantri Fasal Bima Yojana

Discover the simplicity of crop protection with the Pradhan Mantri Fasal Bima Yojana (PMFBY), a flagship initiative by the Department of Agriculture, Cooperation and Farmers’ Welfare. Under the National Agricultural Insurance Scheme, the scheme ensures seamless coverage for farmers nationwide, adhering to the principle of "One Nation, One Crop, One Premium." This innovative PMFBY Scheme safeguards farmers against unpredictable crop losses, providing financial security and promoting sustainable agriculture. Explore the user-friendly features and comprehensive benefits of the PM Fasal Bima Yojana to make informed decisions for a resilient farming future. Embrace the ease of crop protection with the Pradhan Mantri Fasal Bima Yojana today.