Recent Flooding and Drought Conditions Have Made Crop Insurance More Important Than Ever
Last year’s flooding, coupled with this year’s extreme drought, have made crop insurance more important than ever to Missouri farmers. “Crop insurance is a completely different industry than it was a few years ago. It has gone from being something producers buy in order to receive their disaster payments to something they consistently rely on,” […]
Crop Insurance Payments Not a ‘Bailout’ for Farmers
Farm income is forecast to increase over last year, helped by insurance payouts from the crop-insurance program covering losses from the disastrous drought in much of the country, but a insurance associations argue that the program is not a “bailout” that guarantees profits for farmers. The 2012 Farm Sector Income Forecast from the United States […]
Drought Update – September 10, 2012
Despite the rains from Hurricane Isaac, most of the continental U.S. remains parched, with 63% of the lower 48 states still experiencing moderate to exceptional drought, according to the September 4 U.S. Drought Monitor. In 42%of those states, the drought conditions are considered “severe, extreme or exceptional.” In addition, 53% of the country was in moderate drought or worse. The majority of […]
A Silver Lining for Farmers
Northeast Indiana looks more like West Texas this summer than America’s heartland. According to the U.S. Drought Monitor, nearly 70 percent of the state, including a wide swath from around the Kentucky border in the south north through Fort Wayne and all the way to the Michigan border, is in an “extreme or exceptional” drought. […]
Drought Update – September 4, 2012
The continental United States is parched, with 63% of the lower 48 states experiencing moderate to exceptional drought, according to the August 28 U.S. Drought Monitor. Crop insurance is helping farmers pick up the pieces. So far in 2012: • Farmers have invested more than $4 billion to purchase more than 1.2 million crop insurance […]
Drought Update – August 27, 2012
The continental United States is parched, with 63% of the lower 48 states experiencing moderate to exceptional drought, according to the August 21 U.S. Drought Monitor. Crop insurance is helping farmers pick up the pieces. So far in 2012: Farmers have invested more than $4 billion to purchase more than 1.1 million crop insurance policies. […]
Iowa Corn Farmers Face Two Straight Years of Disaster
Oklahoma is wheat country. Iowa is corn country. What farmers in the two states have in common is weather-related disasters — consecutive years of cropland devastation. Recent rains and cooler temperatures notwithstanding, farm belt states are suffering. The 2012 winter wheat harvest in Oklahoma came before the summer meltdown; corn farmers in Iowa aren’t so […]
Drought Update – August 20, 2012
The continental United States is parched,with 62% of the lower 48 states experiencing moderate to exceptional drought, according to the August 14 U.S. Drought Monitor. Crop insurance is helping farmers pick up the pieces. So far in 2012: Farmers have invested $3.9 billion to purchase more than 1.1 million crop insurance policies. The policies provide […]
Crop insurance will cover massive losses
In spite of the depth and far-reaching impact of the drought that has gripped more than half of the nation’s agricultural production area this summer, farmers should have no worries regarding their crop insurance policy’s ability to pay. “The crop insurance industry is on the ground in the drought-stricken areas, mobilizing loss-adjuster teams,” says Thomas […]
Crop insurance adjusters making rounds before fall harvest
In this drought, crop insurance has turned into a lifeline for many farmers in the Tri-States. The U.S. Department of Ag says it expects corn growers to average 123 bushels per acre, which is down 24 bushels from last year. The federal government says corn growers could end up with their lowest average yield in […]
