IMPORTANT INFORMATION FOR DISH SUBSCRIBERS – SERVICE INTERRUPTION – CLICK HERE

MAJOR LOSSES: Crop Insurance Claims In The Billions

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
corn

New reports show the major price tag from the on-going drought.
The U.S. Department of Agriculture reports 2012 crop losses in Iowa exceeded $1 billion.
The corn crop took the biggest hit resulting in $933 million is claims, while soybean losses tallied almost $160 million.

The losses are covered by federally subsidized crop insurance.

On a national scale corn farmer claims topped $6.1 billion and soybean loss claims hit $1.3 billion.

Follow

Get every new post delivered to your Inbox.

Join 2,940 other followers