The U.S. crop insurance market has been abandoned by some of its largest companies as lower agricultural prices crimp revenue, and uncertainty about federal aid clouds the business’s future. Cargill Inc., the largest privately held company in the U.S., last …
Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspens’s specialty insurance business. AgriLogic, headquartered in Overland, Kansas, is a specialist U.S. crop insurer and agricultural consultant that reported …
President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans. The …
U.S. farmers last week finalized their crop insurance plans for spring planting with critics of the government-subsidized program saying insurers are set up for a bonanza after passage of the new five-year farm bill last month. Farmers who sign up …
Monsanto Co., the world’s largest seed company, agreed to buy The Climate Corp. for about $930 million to provide farmers with weather data and agronomic modeling to boost yields and manage risk. Closely held Climate Corp. was founded in 2006 …
A Republican-controlled panel in the U.S. House of Representatives on Wednesday approved the biggest cuts in food stamps for the poor in a generation and a potentially expensive expansion of federally subsidized crop insurance. The House Agriculture Committee approved a …
Analysts at Fitch Ratings say they believe the leading writers of crop insurance will be able to absorb any near-term crop losses from the current drought in the Midwest. Fitch said the insurers are likely to maintain current levels of …
