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Farmers in US face heat, flooding

  • July 5, 2022

Global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year. Where things go from here could end up being determined by farmers like Justin Sherlock and the extreme weather that’s hitting parts of the US crop belt.

For Sherlock, like most of America’s farmers, crazy weather isn’t anything new. His North Dakota farm gets so much excess water every spring that the area his farm is in has been dubbed the Prairie Potholes for the puddles that form in the middle of fields. But this year has been exceptional. The deluge was so intense, floodwaters submerged acre after acre.

Forget puddles. This spring, the rains were so hard it was more like his farm got dotted with miniature lakes.

“It’s been a struggle,” said Sherlock, who got about 75% of his planned corn and soybean crops into the ground before relentless rainfall forced him to call it quits in mid-June. “It’s been such a long, kind of horrible spring, that I’ll do what I can to grow the best crop I can this year, but I basically already decided to put my hopes on 2023.”

In any normal crop year, flooding on a field like Sherlock’s might not matter that much in the bigger picture of the global agriculture market. After all, North Dakota is a smaller player when it comes to corn, and powerhouses such as Iowa and Illinois saw better conditions for spring planting. But as everyone knows, 2022 is anything but a typical year.

Russia’s invasion of Ukraine has stifled exports from a region that’s known as the world’s breadbasket. The disruption has sent crop futures to near-record highs, with stockpiles extremely tight. That’s adding to rampant food inflation and raising fears of global grain

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Montana Ag Network: Importance of crop insurance

  • July 5, 2022

SUNBURST – After extreme weather conditions have troubled Montanans over the past few years, farmers and insurance agencies across the state stress how critical it is for farmers to acquire crop insurance.

According to the MSU Extension Office, nearly 62% of Montana is farmland. As parts of the state continue to experience drought-like conditions, the need for crop insurance has increased as low crop yields and fire danger become more probable.

Gary Hielig Jr., Senior VP at Rain and Hail Insurance, oversees the crop insurance claims of 7 different states. He noted that last year “Montana was ranked with the highest loss ratio of all states. There was $566 million of claims paid out in the state of Montana last year through different approved insurance providers.”

Hielig stated that around 90% of eligible US farmland is insured.

“They paid their premiums in the years where they did have losses and the program worked really well for them in the year they did have claims so it’s doing what it intended to do,” he said.

Crop insurance helps protect farmers if they have a low crop yield or when the price of their crop is low. Farmers pay a premium and protection will be provided on a corresponding level, much like other insurance. This helps ensure survival of the farm business as their profit is protected.

Nate Aschim, a fourth-generation farmer, commented on the value of crop insurance in his own agricultural community of Sunburst, “with the way the weather’s been the last few years I think a lot of guys would’ve been up against it or have had to fold the tents probably without insurance.”

Korey Fauque of KW Insurance backs this claim up. He noted that out of 300 different farmers, all but a handful paid out

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Special drive in UP to provide crop insurance to farmers

  • July 5, 2022
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Published: Published Date – 09:57 AM, Wed – 29 June 22

Special drive in UP to provide <a href=crop insurance to farmers“/

Lucknow: The Uttar Pradesh government will be launching a special drive to provide insurance coverage to farmers against potential crop damage.

The drive, slated to begin from the first week of July by the agriculture department, will be flagged off by Agriculture Minister Surya Pratap Shahi.

It will cover those development blocks which have lower farm insurance coverage under the Centre’s ambitious PM Crop Insurance Scheme (PMCIS).

According to UP government sources, till date, compensation of Rs 3,074.6 crore has been deposited in the accounts of 27.5 lakh farmers in UP under PMCIS.

This includes payment of crop compensation of Rs 654.8 crore to over 7 lakh farmers in Kharif season 2021. In Rabi 2021-22, an area of ​​14.2 lakh hectares has been insured by 19.9 lakh farmers.

According to a directive issued by additional chief secretary, agriculture, Devesh Chaturvedi, the drive would cover selected development blocks in the eight aspirational districts – Bahraich (Risia block), Shravasti (Sirsia), Balrampur (Utraula), Siddharth Nagar (Latan), Fatehpur (Bijaipur), Chitrakoot (Ramnagar) and Chandauli (Niyamtabad).

The value of damage incurred to crops in UP is more than doubled between 2018-19 and 2019-20, as per Union agriculture ministry data.

Prepared on the basis of state-wise business statistics as on August 31 last year, the data shows that the reported crop loss claims shot up from around Rs 470 crore in 2018-19 to over Rs 1,116 crore in 2019-20.

As against the claimed loss, the paid claims amounted to Rs 1,092 crore in 2019-20 as against around Rs 40 crore in 2018-19. The number of farmers who benefitted from the PMCIS rose from 6 lakhs in 2018-19 to over 9 lakhs in 2019-20, the data shows.

Sources said farmers’ participation

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