The state says that Montana farmers who bought hail insurance will be getting a 25 percent refund.
The Montana Hail Board made the decision after reviewing at a recent actuarial report at its annual meeting.
The Montana Department of Agriculture says it issued 1,943 hail insurance policies covering nearly 1.6 million acres during 2011. Agency director Ron de Yong says the program remains strong, allowing for the refund.
The board decided to leave upcoming policy premiums unchanged.
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Topics Agribusiness
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