Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
ACE Completes $107M Acquisition of Agribusiness Insurer Penn Millers
Dec 1 2011 // ACE Limited announced on Wednesday that it has completed its acquisition of Penn Millers Holding Corp. for approximately $107 million in cash. The two companies first announced the deal in September. Penn Millers...
James River Still Above Flood Stage in Parts of South Dakota
Nov 30 2011 // South Dakota officials say some stretches of the James River remain well above flood stage heading into the winter freeze, setting the stage for more flooding next spring. The James, which has been out of its banks for...
Feds Say Farmers in Upstate New York Can Get Flood Loans
Nov 29 2011 // Federal authorities say farmers in eight upstate New York counties are primary natural disaster areas eligible for assistance recovering from tropical storm Lee. The U.S. Department of Agriculture also said 16 counties...
Ohio Businesses Awarded More Than $273K for Workplace Safety
Nov 23 2011 // The Ohio Bureau of Workers’ Compensation (BWC) awarded 13 businesses safety intervention grants totaling more than $273,000 during October to make Ohio workplaces safer, the agency announced. BWC designed the Safety...
Deadline at Hand in $750M Rice Settlement
Nov 21 2011 // Rice growers who lost sales after genetically modified rice seed mistakenly entered the U.S. market five years ago have until today to sign on to a $750 million settlement proposed by the company blamed for the...
Congress Eyes New Income Insurance for Farmers
Nov 8 2011 // Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops — an unprecedented program that critics say could pay billions of dollars to farmers now enjoying...
State Fund Announces Rate Filings, Incentives for California Farm Bureau
Nov 7 2011 // The government-controlled State Compensation Insurance Fund announced it has filed a new rating plan with the California Department of Insurance. The plan adopts the Workers’ Compensation Insurance Rating...
Crops Rebound Better Than Expected at Birds Point
Nov 7 2011 // When the Army Corps of Engineers was forced to breach the Birds Point levee in southeast Missouri at the height of spring flooding, many feared the rich 130,000 acres of farmland would be a total washout for 2011. But the...
The Demotech Company Classification System Reveals State Specialist Property/Casualty Insurers
Nov 7 2011 // Company Name State of Speciality 2010 TOTAL DPW Texas Mutual Insurance Co. TX 596,191 Old American County Mutual Fire Insurance Co. TX 575,100 SAIF Corporation OR 327,373 St. Johns Insurance Co. Inc. FL 257,106 Brickstreet...
The Climate Corp. Introduces Total Weather Insurance 2012
Nov 2 2011 // The Climate Corporation (formerly WeatherBill) have launched Total Weather Insurance (TWI) Corn 2012 and TWI Soybean 2012 which provide profit protection for growers against increasingly extreme weather. Total Weather...
Arkansas Farmers Make Out OK in Harsh Weather Year
Nov 2 2011 // “It’s about over, except for the shouting,” said Craighead County Extension Agent-Staff Chairman Branon Thiesse about the 2011 crops. “I don’t know how much shouting there will be, but there...
Farmers Insurance: Nov.1 Will Dramatically Impact Oklahoma Drivers
Oct 31 2011 // Farmers Insurance is advising Oklahoma residents that a new law, which goes into effect on Nov. 1, will have a significant effect on all drivers, especially those who drive without proper automobile insurance. The new...
Virginia Farm Bureau Says It’s Peak Deer vs. Car Season
Oct 31 2011 // The Virginia Farm Bureau is warning motorists to be mindful of deer wandering onto roads and highways, a common hazard during this time of year. The Farm Bureau should know. It says Virginia is among the top 10 states in...
Aon Report on Thai Floods Highlights ‘Extreme Human Suffering,’ Economic Loss’
Oct 31 2011 // Aon Benfield has published a highly detailed report on the ongoing floods in Thailand, from their meteorological beginnings – extremely heavy monsoon rains – to the widespread damage they have inflicted on one of East...
AIR Worldwide Launches Multiple Peril Crop Insurance Model for China
Oct 31 2011 // Catastrophe risk modeling firm AIR Worldwide announced that it has released the industry’s first Multiple Peril Crop Insurance (MPCI) Model for China. AIR said the “new model provides a fully probabilistic...
War Veteran Turned Banker is China’s New Insurance Regulator
Oct 31 2011 // Xiang Junbo, the man named on Saturday to be China’s insurance regulator, recently led the country’s third-largest lender from near insolvency to a record IPO with assets worth more than India’s national...
Cuomo: More State Aid for Flood-damaged New York Farms
Oct 28 2011 // The Cuomo administration is distributing an additional $850,000 in aid for more than 100 New York farms impacted by flooding caused by tropical storms Irene and Lee. Gov. Andrew Cuomo on Tuesday, Oct. 25, announced that...
Bayer Extends Genetically Modified Rice Settlement Deadline
Oct 26 2011 // Rice farmers have nearly a month to file for part of a $750 million settlement to claims that they lost money because Bayer CropScience mistakenly sold genetically modified seed in the United States. The original deadline...
Federal Ag Secretary: Farm Bill Must Improve Disaster Aid
Oct 26 2011 // Lawmakers working on the next Farm Bill need to find an effective way to provide aid to farmers affected by natural disasters, increase funding for agricultural research and continue important conservation programs,...
More Dust Storms Expected as Texas Drought Lingers
Oct 24 2011 // The towering wall of billowing red dust roaring across the blue West Texas sky on Oct. 17 took Monroe Debusk back more than eight decades to the Dust Bowl years when he was growing up on his family’s cotton farm. The...
