Agricultural News
Crop Insurance Helps Farmers Bounce Back After Record Drought
Thu, 11 Apr 2013 15:46:16 CDT
Although it is early in the year, farmers are already purchasing their crop insurance policies. As of April 8, 2013 more than 232,000 policies have been purchased, protecting more than 85 million acres representing more than $19 billion in liabilities, accounting for $800 million in farmer paid premium. These numbers will continue to grow as we move further into spring.
--In 2012, farmers invested more than $4.1 billion to purchase more than 1.2 million crop insurance policies, protecting 128 different crops.
--Crop insurance policies protect more than 281 million acres, with insured acreage now equal to 86 percent of planted cropland in 2012.
--$30 billion: Farmers have spent more than $30 billion out of their own pockets to purchase crop insurance since 2000.
--To date, Kansas, Texas, California, Oklahoma, Nebraska and Florida lead the way in the number of crop insurance policies purchased.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News
More Headlines...
