Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Ukraine Crop-Handling Port Damaged in Russian Attacks, Adding to Farm Sector Losses
Jun 24 2022 // Infrastructure owned by two major agriculture traders was damaged in Russian attacks at one of the biggest crop-handling ports in Ukraine, adding to the mounting losses suffered by its farm sector. Rocket strikes on the...
Ukraine’s Farming Industry Suffers $4.3 Billion in Damage From Russia’s Invasion
Jun 16 2022 // Ukraine has suffered $4.3 billion in damage to farmland, machinery and livestock as a result of Russia’s invasion, according to the Kyiv School of Economics. About half of the “already immense”...
Satellite Images Reveal Extensive Damage at Major Ukraine Crop Port
Jun 16 2022 // The extent of the damage to one of the biggest agricultural complexes in Ukraine earlier this month was confirmed by satellite images. The Nika-Tera complex, which was opened in 2011 was rendered “unusable”...
Investors, Including Allianz and Swiss Re, Urge U.N. to Create Plan for Farm Emissions
Jun 9 2022 // Investors managing $14 trillion have urged the United Nations to create a global plan to make the agriculture sector sustainable and curb one of the biggest sources of climate-damaging emissions, a letter seen by Reuters...
Dry Winter, Wet Spring Shrink U.S. Wheat Crop, Adding to Global Woes From War
Jun 2 2022 // North Dakota farmer Dwight Grotberg wanted to plant more wheat this spring to capitalize on soaring prices since Russia’s invasion of Ukraine cut grain exports and left the world short of millions of tonnes of wheat...
Insurance Technology: Zurich’s FieldView Simplifies Crop Reporting; Kinetic Adds ‘Jump Detection’ to Wearables; Beat Capital to Launch MGAs Using OneShield
May 20 2022 // Zurich’s Climate FieldView Expands Precision Crop Information for RCIS Zurich North America crop insurance business – Rural Community Insurance Services (RCIS) – has added Climate FieldView to its list of...
Canada Crop Land ‘Deteriorating’ as Heavy Rain Hinders Planting
May 19 2022 // Farmers in parts of Canada’s Prairies are struggling to get crops in the ground as heavy rains continue to wallop the eastern region in the latest threat to global grain supplies. Virtually no seeding has been done...
Asked to Rethink 41% Rate Increase, Florida Farm Bureau Did. New Request is Higher
May 18 2022 // When Florida Farm Bureau Insurance companies filed for a 41% rate increase for homeowners last December, the Florida Office of Insurance Regulation asked company actuaries to sharpen their pencils, review all data and try...
People Moves: Core Specialty Names Brady as VP of Agriculture; Poppie Joins Vantage Group in Central Region
May 16 2022 // Core Specialty Names Ann Brady as Senior Vice President of Agriculture Core Specialty Insurance Holdings, Inc. and its subsidiaries named Ann Brady as senior vice president of agriculture reporting directly to Bill...
In Virginia, These Dogs May Hunt on Private Farm Even If Owner Objects
May 13 2022 // WILSONS, Va.— Soon after Jim Medeiros bought his 143-acre (58-hectare) cattle and poultry farm in rural Virginia a decade ago, he and his wife were startled by the sounds of 20 hunting dogs barking and howling as they...
AXA to Join €1B Regenerative Agriculture Fund to Help Mitigate Climate Change
May 13 2022 // Insurer AXA and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative agriculture fund to be managed by Tikehau Capital, the three groups said on...
Markets/Coverages: Marsh Renewable Energy; Main Street Farm; Munich Re Surety; Skyward Crane & Rigging; Draftrs Professional Liability
May 12 2022 // Marsh Launches Renewable Energy Facility Insurance broker Marsh announced the launch of a renewable energy facility that provides streamlined, dedicated insurance capacity for mid-scale solar and battery energy storage...
Extreme Weather Threatens Global Wheat Crops – With One Notable Exception
May 12 2022 // As Russia’s invasion chokes off Ukrainian wheat exports, pushing up bread and noodle prices, the global harvest faces an added test: extreme weather. Droughts, flooding and heatwaves threaten output from the U.S. to...
Drought in Texas, Louisiana and Arkansas Opens Loans for Farmers
May 9 2022 // The U.S. Department of Agriculture says drought during the growing season has made farmers in most of Texas, all of Louisiana and parts of Arkansas and Mississippi eligible to apply for federal aid. The department’s...
Howden, Munich Re and Skyline Develop Parametric Cover for Jamaica Farmers
May 2 2022 // Howden, the London-based insurance broker, has worked with Munich Re and Skyline Partners to develop a product that protects the Jamaican Co-operative Credit Union League (JCCUL) against non-repayment of micro-loans from...
ATV Is Not a Farm Vehicle, Virginia Court Rules
May 2 2022 // The Virginia Supreme Court has ruled that an all-terrain vehicle (ATV) is not a “farm type vehicle” covered by a homeowner’s insurance policy, reversing a lower court decision. The lower court ruled for...
California Cites Agencies, Foster Farms $3.8M for COVID-19 Sick Leave Violations
Apr 27 2022 // The California Labor Commissioner’s Office cited three temporary staffing agencies as well as joint employers Foster Farms, LLC and Foster Poultry Farms nearly $3.8 million for failure to inform 3,476 temporary...
Dairy Processor to Pay $79,000 Over Disability Discrimination Suit at Michigan Location
Apr 20 2022 // Agropur, Inc., a dairy processor and U.S. subsidiary of Canadian-based Agropur Cooperative, will pay $79,000 and provide other relief to settle a federal disability discrimination lawsuit filed by the U.S. Equal Employment...
Markets/Coverages: Brownyard’s Library Program; Core Specialty’s Equine Unit; Skyward’s Cannabis Bonds; Roamly’s Travel
Apr 18 2022 // Brownyard’s ‘By The Cover’ Now 15 Additional States New York-based program administrator Brownyard Group announced that its By The Cover, its insurance program for libraries, is now available in 15...
ATV Is Not a Farm Vehicle Covered Under Homeowner’s Policy, Virginia Court Rules
Apr 18 2022 // The Virginia Supreme Court has ruled that an all-terrain vehicle (ATV) is not a “farm type vehicle” covered by a homeowner’s insurance policy, reversing a lower court that ruled in favor of coverage. The...
