Tag: crop insurance policy

Crop insurance payouts may break double the previous record

Marc
private Crop Insurance

Some estimates have claimed that the payments will be greater than $25 billion. After crunching the numbers for this year’s crop insurance payments, it looks as though this coverage – which has been vital to farmers this year due to the widespread droughts and floods – it looks as though the payouts will be greater than $25 billion. This will be over twice the $10.8 billion record high that was set in 2011. This year, over 80 percent of the corn fields had crop insurance coverage. Clearly, this was significantly…

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Crop insurance has become critical to the survival of some farmers

Crop insurance program 2014

This year’s droughts have made the coverage vital to many American growers. Farmers have been helplessly watching their corn, wheat, and other produce wither and die and are now relying on crop insurance to get them through the worst drought that the United States has seen in over a half century. The federal program to protect growers has become an important part of survival this year. Without its assistance, many farmers – who are already battling with the high prices of land, cash rents, and high price inputs – would…

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