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02.04.26 - 15:48
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AM Best Revises the Outlooks to Negative for Farmers Mutual Fire Insurance Company of McCandless Township (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Farmers Mutual Fire Insurance Company of McCandless (Farmers) (Butler, PA).
These Credit Ratings (ratings) reflect Farmers' balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
The change in outlook to negative from stable is primarily driven by the deterioration in 2025 operating results due to increased fire losses and weather-related events. Farmers' has experienced increased frequency and severity of losses, and because of rising loss costs in recent years, the company's incurred losses significantly increased in 2025. In addition, the company's reinsurance retention increased resulting in additional costs that the company had to absorb during the year. Management h...
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29.03.26 - 09:18
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Nigel Farage′s farming adviser calls for wheat prices to double (The Guardian)
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Exclusive: critics warn Reform UK use of trade policy would increase food costs amid cost-of-living crisisNigel Farage's farming adviser has called for a doubling of wheat prices by using trade policy, which critics have said would hike food costs during a cost-of-living crisis.Arable farmer and campaigner Clive Bailye has been appointed as a farming and land use adviser for Reform UK. Bailye owns the website The Farming Forum, a social network for farmers, and helped organise the large-scale protests against the Labour government's introduction of inheritance tax for farmed land. Continue reading......
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28.03.26 - 01:18
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In Thailand′s rice paddies, rising petrol prices spell chaos for farmers (The Guardian)
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Farmers need fuel to keep water pumps running, but many petrol stations are empty and fears are now growing over the war's impact on cost of fertiliserFollow our live coverage of the events in the Middle East hereThanadet Traiyot waited in line for hours at his local gas station, armed with containers and desperately hoping to secure much-needed diesel for his rice fields in Ayutthaya, central Thailand. He was third in the queue when the shop announced their supplies had run dry. That was five days ago; he still hasn't managed to restock to his normal levels.Back on his farm, Thanadet wades into his rice paddies, weaving past tall green stalks to assess the water levels and decide which of his water pumps can be turned off. Water needs to be spread equally across the fields, he says, but he doesn't have enough diesel to keep everything running. Continue reading......
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17.03.26 - 22:06
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$5 Diesel Means A 35% Jump In Prices For US Consumers (ZeroHedge)
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$5 Diesel Means A 35% Jump In Prices For US Consumers
While US gasoline prices have risen substantially since the start of the Iran war (although RBOB futures suggest there is much more upside should oil prices remain around $100), the average price of diesel has already soared above $5 per gallon in the US, the highest since 2022, and pushing up supply chain costs and setting the stage for broader inflation for consumers.
The price spike is increasing costs for farmers, truckers and construction firms.
With diesel at $5 per gallon, these industries are on track to spending around $6.1 billion this week on the fuel, according to BloombergNEF forecasts.
The same amount of fuel would have cost just $4.5 billion ahead of the war, a 35% increase.
According to BNEF, road diesel accounts for roughly 66% of US diesel consumption, with large trucking fleet operators like Walmart and Amazon highly exposed to fuel cost swings.
The fuel also powers agricultural machinery, ships and trains hauling goods ...
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16.03.26 - 19:18
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Trump′s war is bringing economic calamity to the UK – and another shock to our politics | Gaby Hinsliff (The Guardian)
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Hard choices lie ahead for Downing Street if higher fuel prices spark resentment and trigger a renewed cost of living crisisSeventy years ago this winter, the streets of Britain fell eerily quiet. After one last panic buying spree, many garages shut, and traffic even in the heart of London dwindled away. The formal introduction of petrol rationing had begun, limiting drivers to 200 miles' worth a month – with exceptions for farmers, doctors and vicars – after the Suez crisis blocked fuel supplies from the Gulf.Ancient history now, of course – or it would be if it weren't for what looks increasingly like the US's own version of Suez: a great power starting a war it seemingly doesn't know how to finish, against an enemy it woefully underestimated. If the strait of Hormuz – the vital shipping lane now rendered unsafe for shipping by Iranian drones and mines – cannot soon be reopened, then Britain could be only weeks away from needing to ration fuel, the former BP executive (and government advis...
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10.03.26 - 20:30
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AM Best Revises Outlooks to Stable for Farmers Mutual Fire Insurance Company of Marble, Pennsylvania (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Farmers Mutual Fire Insurance Company of Marble, Pennsylvania (Farmers Mutual) (Marble, PA).
The Credit Ratings (ratings) reflect Farmers Mutual's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
The revision in the outlooks to stable from negative reflects improvement in Farmers Mutual's underwriting and operating performance trends from earlier in the five-year period. Improvement in results has been a product of pricing adjustments to address economic inflation, as well as strategic underwriting initiatives by management to mitigate loss costs. Following a volatile year in 2023, the company recorded strong underwriting gains with sub-95 combined ratios in both 2024...
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09.03.26 - 13:01
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Court Authorizes Notice of Proposed Class Action Settlement for Farmers, Landscapers and Others Exposed to Weed Killers (PR Newswire)
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ST. LOUIS, March 9, 2026 /PRNewswire/ -- Seeger Weiss LLP, Motley Rice LLC, Waters Kraus Paul & Siegel, Williams Hart & Boundas LLP, The Holland Law Firm, and Ketchmark & McCreight P.C. announce that the Circuit Court of the City of St. Louis, State of Missouri, has granted preliminary......
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05.03.26 - 08:12
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′A big burden for farmers′: Gulf shipping crisis threatens food price shock (The Guardian)
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Iranian blockade of the strategic strait of Hormuz is hitting global fertiliser supply chainThe global fertiliser supply chain could face significant disruption if the effective closure by Iran of the strait of Hormuz persists, prompting concerns from analysts about crop production and food security.Passage through the waterway, located off Iran's southern coast, has mostly stopped since the US and Israel launched their attacks at the weekend. Continue reading......
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04.03.26 - 17:01
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Crop Insurance Sets Records in 2025; Farmers Urged to Finalize 2026 Coverage (Business Wire)
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2.54 million crop policies protect 561 million acres nationwideOVERLAND PARK, Kan.--(BUSINESS WIRE)--With the March 16 deadline approaching for farmers to purchase crop insurance for spring-seeded crops like corn and soybeans, National Crop Insurance Services (NCIS) today released record-setting results for the 2025 crop year.
Farmers purchased 2.54 million crop insurance policies in 2025 — an all-time high — protecting a record 561 million acres of farmland nationwide. Nearly 117 million acres have been added to crop insurance since 2021.
The policies sold in 2025 provided more than $159.3 billion in liability protection, safeguarding crops against weather and market losses. Farmers invested more than $6.25 billion of their own money to purchase that protection, underscoring their continued reliance on crop insurance as agriculture's primary risk management tool.
In addition, ranchers spent $1.1 billion in 2025 to purchase livestock coverage, providing another $40.2 billion in liability protection f...
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