Crop insurance has become the chief risk management tool for farmers for one simple reason: It works. Farmers purchase policies and can receive claims only for documented losses. As you noted, most of the United States is locked in a severe drought this year. Crop losses may be deep, and no crop insurance indemnity will be enough to make any of these farmers whole again. The indemnity will allow those who purchased policies to get back on their feet and farm yet another day.