crop losses News

Report: Iowa’s Derecho Crop Losses Increase By More Than 50%

DES MOINES, Iowa — Crop loss estimates from a rare wind storm that slammed Iowa in August have increased by more than 50%, a new report shows. The U.S. Department of Agriculture said Friday that the number of crop acres …

Record-Breaking $17.3 Billion in Crop Losses Last Year

Extreme weather forced the Federal Crop Insurance Program (FCIP) to pay out a record-breaking $17.3 billion in crop losses last year, much of which could have been prevented using water-smart strategies, according to the Natural Resources Defense Council, an international …

Farmers Scuffle Through Record South Texas Drought

South Texas is in the midst of its worst-ever drought. While swaths of the state have somewhat recovered from the historic dry spell of 2011, farmers in the Rio Grande Valley are dealing with massive crop losses in which entire …

As Honey Bee Numbers Drop, U.S. Sees Threat to Food Supply

Honey bees, which play a key role in pollinating a wide variety of food crops, are in sharp decline in the United States, due to parasites, disease and pesticides, said a federal report released on Thursday. Genetics and poor nutrition …

Superstorm Sandy Tops 2012 Insurance Claims

Natural disasters cost insurers $65 billion last year, with the United States accounting for nine-tenths of the bill and Superstorm Sandy prompting payouts of $25 billion, a leading insurance company said Thursday. However, Munich Re AG said that the total …

Allied World Comments on Expected Third Quarter 2012 Losses

As a result of the severe drought conditions in the Midwest United States, Allied World Assurance Company Holdings, AG expects to record approximately $40 million of crop reinsurance related losses and loss expenses in the third quarter 2012. This amount …

Rain Not Enough to Stave Off U.S. Crop Losses

Light showers overnight in the southwestern U.S. Midwest were too little too late to prevent further losses to corn and soybean yields, and next week will bring the return of high heat and drought, an agricultural meteorologist forecast Thursday. Rain …

Wisconsin Counties Declared Disasters

Lincoln and Marathon counties, in Wisconsin, have received federal disaster designations for crop losses caused by rain storms in September. Gov. Scott Walker said Tuesday that the federal Agriculture Department had approved the state’s request for the designation. Additionally, Clark, …