crop insurance payouts News

Federal Disaster Aid Topped $60B Over Two Years Before Sandy

The U.S. government spent nearly $62 billion on disaster relief in the two-year period ending Sept. 30, 2012, to help Americans recover from severe storms, droughts, heat waves and wildfires, a new analysis of federal data has found. The Agriculture …

Dead Farmers Get Millions in Federal Crop Insurance Payouts

The U.S. Agriculture Department paid out $32 million in soil conservation payments and crop insurance aid to dead farmers from 2008 to 2012, congressional auditors said on Monday, calling for stricter rules to prevent improper payments. In a report, the …

No Relief In Sight for Drought-Stricken Plains States

Dry weather should continue through at least the end of January in the drought-stricken U.S. Plains and a blast of Arctic cold air in the Midwest early next week poses a threat to unprotected livestock and possibly some wheat, an …

Crop Insurance Claims to Exceed $13 Billion: AIR

The drought in the U.S. agricultural heartland continues to deteriorate crops in the Corn Belt with no meaningful precipitation relief in sight. After the hottest July on record, insured losses from the 2012 drought are now expected to surpass losses …

House Plan Would Cut Crop Insurance Cost

U.S. farm and crop insurance subsidies would be cut by $30 billion over 10 years under a proposal made by the House of Representatives Budget Committee chairman on Tuesday, far larger reductions than agricultural-state lawmakers suggested. Budget chairman Paul Ryan …

Crop Insurance Payouts at a Record $9.1 Billion

Crop insurers paid out a record $9.1 billion in indemnities on 2011 U.S. crops, and the total could top $10 billion when all claims are settled, due to damage from drought, flooding, and freezing weather, a trade group said on …