midwest drought News

Midwest Crops Stressed by Worsening Drought Conditions

Drought conditions are getting worse in several states, and extreme heat and weeks with little rain have begun to stress corn, soybeans, wheat and livestock in some areas. The weekly U.S. Drought Monitor recently released by the University of Nebraska-Lincoln …

Rain and Snow Help Ease Plains/Midwest Drought

Crop-friendly rain and snow is blanketing much of the drought-stricken U.S. Plains hard red winter wheat region and the dry western Midwest, an agricultural meteorologist said on Wednesday. “Widespread coverage of the Plains and western Midwest will occur in the …

Plains States Remain in Severe Drought; Spring Crops in Jeopardy

The unrelenting drought gripping key farming states in the U.S. Plains shows no signs of abating, and it will take a deluge of snow or rain to restore critical moisture to farmland before spring planting of new crops, a climate …

Drought Seen Worsening in Plains, Midwest States

Dry weather continues to plague the drought-stricken U.S. Plains and western Midwest with only light showers and snowfall expected this week, an agricultural meteorologist said on Monday. “The Plains and the northwest Midwest will still struggle with drought, there’s not …

Crop Insurers Could Face First Overall Loss in 10 Years: Moody’s

Record-setting droughts in the U.S. Midwest throughout 2012 are likely to result in substantial gross insured losses for crop insurers and reinsurers and possibly their first overall loss in 10 years, says Moody’s Investors Service in a profile of the …

Crop Insurers’ Payouts Already Top $800 Million This Season

U.S. crop insurers have already paid out $822 million in indemnities this season, but it is still far too early to tell how large the industry’s losses will ultimately be, National Crop Insurance Services said on Friday. The trade group …

Drought Bill May Get Washington to Act on Farm Bill

A comparatively low-priced disaster bill for livestock producers hit by the worst U.S. drought since 1956 may be the ticket to passage for a $500 billion farm bill now in limbo in Congress. Republican leaders in the House of Representatives …

Midwest Light Rain Not Enough to Stave Off Crop Losses

Light showers overnight in the southwestern U.S. Midwest were too little too late to prevent further losses to corn and soybean yields, and next week will bring the return of high heat and drought, an agricultural meteorologist forecast Thursday. Rain …

Crop Insurance Helps Farmers Now More Than in 1988 Drought

U.S. crops are taking a beating in the worst drought since 1988 but most farmers are not sweating like they did 24 years ago when a drought hit as they were just starting to recover from a farm depression that …

Crop Insurers Can Handle Midwest Drought Losses: Fitch

Analysts at Fitch Ratings say they believe the leading writers of crop insurance will be able to absorb any near-term crop losses from the current drought in the Midwest. Fitch said the insurers are likely to maintain current levels of …