Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Everest Re Completes Crop Insurer Sale to CGB Diversified Services
Aug 26 2016 // Everest Re Group Ltd. has finalized the sale of its U.S. crop managing general agent, Heartland Crop Insurance Inc., to CGB Diversified Services, Inc. for $49 million. In conjunction with the sale, Everest has entered into...
Connecticut Working to Improve Farm Safety After E. Coli Outbreak at Local Farm
Aug 26 2016 // With the growth of agritourism and more people visiting local farms, Connecticut officials are joining other states in educating farmers about how to mitigate health risks for their new visitors. Connecticut’s latest...
How Monsanto’s Climate Unit Is Changing Risk Profile of Farmers
Aug 25 2016 // It caught my eye when Monsanto Co. subsidiary Climate Corp. announced last week it was creating the “Industry’s First In-Field Sensor Network” and “the first Centralized Platform” digital...
20-Foot Drone Being Tested in North Dakota for Post-Disaster Use
Aug 24 2016 // A 20-foot-long drone that was brought to North Dakota to test precision agriculture methods is now part of a trial run to see if can help crews restore power to areas hit by natural disasters. The Israeli-manufactured...
Report: Thousands of South Carolina Flood Victims Still Need Help
Aug 24 2016 // Thousands of people in South Carolina still need home repairs, while the state has submitted a plan for using almost $100 million in federal housing aid almost a year after historic rains inundated the state. The state is...
AAIS Releases New Drone Coverage Forms, Rules Filings Ahead of FAA Regulations
Aug 22 2016 // The American Association of Insurance Services (AAIS), a non-for-profit national insurance advisory organization, announced new filings of Unmanned Aircraft Liability Coverage forms and rules in their Agricultural General...
Crop Insurance Fraud Leads to 2 Years in Prison for Missouri Farmer
Aug 19 2016 // A southeast Missouri farmer has been ordered to spend two years in prison for crop insurance fraud of more than $200,000. The Southeast Missourian reports that 48-year-old Bobby David Lowrey, of Parma, was sentenced for...
Tennessee Investigating Outbreak of Equine Disease Affecting Race Horses
Aug 15 2016 // Tennessee’s state veterinarian office is investigating an outbreak of a disease involving 17 horses in Middle Tennessee. The Agriculture Department said in a news release that a group of racing quarter horses tested...
2 Kentucky Farmers Plead Guilty to $1.1M in Crop Insurance Fraud
Aug 8 2016 // Two south-central Kentucky farmers have pleaded guilty to crop insurance fraud. The U.S. attorney’s office says 53-year-old David Manion and 48-year-old Henry Manion of Allen County admitted making false statements...
Northeast Drought, Wildfire Risk Could Last Through October
Aug 8 2016 // The drought that has taken hold in the Northeast, from Maine to Pennsylvania, is being driven by a second year of below-average rainfall. Though not as dire as the West Coast drought of five-years running, the dry, hot...
Extreme Drought Hurting Crops in Parts of Georgia
Aug 2 2016 // Georgia’s ongoing drought – combined with above-average heat – is taking a toll on some crops in the state, authorities said. Crops feeling the effects of the brutal weather include peanuts, corn and hay, WSB...
Drought in Northeast Could Last Through October
Jul 27 2016 // At Lavoie’s Farm in New Hampshire, beans and corn haven’t broken through the ground yet and fields of strawberries are stunted. The drought that has taken hold in the Northeast is especially felt at John...
Everest Re Selling Crop Insurer Heartland to CGB
Jul 26 2016 // Bermuda’s Everest Re Group is selling its U.S. crop insurance company, Heartland Crop Insurance Inc., to CGB Diversified Services Inc., a crop insurance, transportation and storage firm in Illinois. Upon completion...
President of Florida Insurance Agency Reviving Pensacola Oyster Farms
Jul 25 2016 // Anyone driving on Scenic Highway recently between Scenic Terrace and Park Place Apartments probably spotted rows of dark-colored shapes floating in Escambia Bay and wondered, “What are those?” The dark shapes...
$40M in Aid Now Available to South Carolina Farmers
Jul 25 2016 // When extension agent Charles Davis visits farms, he gets one question over and over again – when will South Carolina farmers start getting aid for crops damaged in last year’s floods? Finally, Davis and his...
ADM Sued Over Contaminated Equine Feed
Jul 21 2016 // Two horse owners have sued Archer Daniels Midland Co., accusing the U.S. grain processor and trader of distributing contaminated feed that sickened or killed several of their horses, according to court documents seen by...
Hail Damage Claims from Montana Crops on The Rise
Jul 15 2016 // State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reported the state Department of Agriculture’s Walt Anseth says farmers...
North Dakota Storms Cause Widespread Crop, Property Damage
Jul 14 2016 // Recent storms that have dropped heavy rain and hail across North Dakota have caused headaches for motorists, farmers and homeowners. Weekend storms caused widespread crop and building damage in the Killdeer area, where...
Crop Hail Damage Claims on the Rise in Montana
Jul 14 2016 // State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reports the state Department of Agriculture’s Walt Anseth says farmers...
Markel Leads Lloyd’s Livestock Consortium, Covering Up to $30M Per Location
Jul 14 2016 // Markel International, the London-based specialist insurer, has joined forces with Tokio Marine Kiln, Pembroke and AEGIS London to lead the Markel livestock consortium, offering cover of up to $30 million per location for...
