Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Insurers Reminding Farmers About the Dangers of Working in Grain Bins
Feb 20 2019 // Working in grain bins can be deadly, so insurers want to remind farmers of the dangers. Nationwide insurance is helping sponsor a campaign to educate farmers about safety procedures they can use when working in grain...
South Central Ratings Roundup
Feb 18 2019 // Credit Ratings of Oklahoma Farm Bureau Mutual Group Upgraded Ratings agency AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bbb” from...
The Original Family Business
Feb 18 2019 // Why family farms dance between the line of personal and commercial coverage Nowhere is insurance more complicated than when you mix two exposures that don’t “traditionally” go together, like business and...
Georgia House Budget Increases Funds for Hurricane, School Safety
Feb 13 2019 // The Georgia House has approved a midyear budget adjustment that increases funding for school safety and farmers hit by the devastation of Hurricane Michael in October. Republican Rep. Terry England, chairman of the House...
January’s U.S. Storms, Australia Floods Bring Economic Damages Near $2B: Aon
Feb 11 2019 // Multiple winter storms and extreme cold led to 45 deaths and cost the U.S. economy $1 billion during January, according to Aon’s Global Catastrophe Recap – January 2019. The report listed the winter storm events in...
AM Best Upgrades Credit Ratings of Oklahoma Farm Bureau Mutual Group
Feb 6 2019 // AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bbb” from “bbb-” for the members of the Oklahoma Farm Bureau Group:...
CAUTION: Safety U-Turn for Truckers with Animals
Feb 4 2019 // Hours of Service, Other Safety Exemptions for Livestock Haulers Raise Concerns Midwest Center for Investigative Reporting It was sometime around 4 a.m. on a cool, spring morning when James McGilvray lost control of his...
AM Best: Credit Ratings of Colorado Farm Bureau Under Review With Positive Implications
Feb 1 2019 // AM Best has placed under review with positive implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of Colorado Farm Bureau Mutual Insurance...
Shutdown Delays Disaster Relief for Some North Carolina Farmers
Jan 25 2019 // The federal government shutdown is delaying disaster relief for some North Carolina farmers. The Fayetteville Observer reported last week the shutdown has mostly closed the federal Farm Service Agency responsible for a...
France’s Ban on Glyphosate Expected to Curb 80% of Use by 2021
Jan 25 2019 // France expects to have cut the use of weedkiller glyphosate by 80 percent by early 2021, its agriculture minister said on Friday, less than previously anticipated due to the number of farmers who will qualify for an...
K2 Insurance Acquires Assets, Operations of Nebraska’s Mid-America Risk Managers
Jan 22 2019 // K2 Insurance Services LLC (K2) has completed its acquisition of the assets and operations of Mid-America Risk Managers Inc. (MARM). MARM, based in Omaha, Nebraska, is a farm and agricultural focused specialty general...
With Shutdown, Oklahoma’s Rural Fire Departments Fear Funding Issues
Jan 22 2019 // Oklahoma officials anticipate problems with funding the state’s rural firefighting services if the partial federal government shutdown persists. The Oklahoma Department of Agriculture’s forestry division...
Former Farmers, AIG Direct, 21st Century Exec DeSantis Named President, CEO of The General
Jan 18 2019 // Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the...
Enviro Risks, Climate Change Lead Concerns in World Economic Report
Jan 17 2019 // Environmental risks continue to dominate long-term concerns, a new report shows. World Economic Forum’s Global Risks Report 2019 released on Wednesday included as collaborators Marsh & McLennan Cos. and Zurich...
Florida’s Record Rainfall in 2018 Leaves Farmers Reeling Over Destroyed Crops
Jan 14 2019 // Rodney Helton stood in a cotton field in Atmore, Ala., on a Thursday morning, just over the Florida state line, with puddles of wet, mushy soil and water gathering over his dirty boots. He reached out and plucked a sopping...
California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re
Jan 8 2019 // The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re. A report from Munich Re on last...
Workers’ Lawsuit Against Washington Farm Given Class-Action Status
Jan 7 2019 // A U.S. District Court judge in Seattle, Wash., has certified a class-action lawsuit on behalf of some 600 Mexican workers who have alleged labor abuses at a Whatcom County blueberry farm. The suit alleges the company...
Once Upon a Time … Resolving Insurance Coverage and Claims Disputes
Jan 7 2019 // An independent agent in a small rural town insured a farmer whose barn burned down. The agent had failed to schedule the farm structure, so the farm policy did not cover the total loss. The agent routinely placed farm...
Farmers in Oklahoma Fear Impact of Government Shutdown
Jan 4 2019 // The ongoing government shutdown could soon have a negative impact on Oklahoma farmers and ranchers, who are facing limited access to important data and funding sources, according to agriculture experts. The U.S. Department...
Northeast Oklahoma Sees Fewer but Larger Poultry Farms
Jan 3 2019 // The number of poultry operators in northeast Oklahoma is dropping but the farms are raising more birds per facility, according to data from the state. The Tulsa World requested 20 years of data on poultry operations from...
