Crop insurance agents in North Dakota say they have begun receiving claims and expect more than the usual number to come in because a lot of wheat still unharvested.
The Bismarck Tribune reports that a snowy April and wet May delayed planting, even preventing it in some cases. These days wet, cool weather continues to delay harvest and crop quality is becoming an issue.
North Dakota’ wheat crop is struggling with the sprouting of grains, kernel and hail damages. These conditions are preventing farmers from getting a high enough price for the grain or even selling it at all. Crop insurance is kicking in to prevent revenue loss.
Carla Tausend with Farm Credit Services of Mandan says all crop insurance claims typically would’ve been submitted by this point in the year, but she expects more to come in 2014.
Topics Claims Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
Intersecting Risks and the Future of Construction Insurance 
