crop insurance claims News

As Weather Hampers Planting, Crop Insurance Claims Spike

Insurance claims filed by U.S. farmers for crops they couldn’t plant have jumped 48 percent this year, government data show, the latest indication of how adverse weather is curbing production of corn and other crops. Total claims so far in …

Crop Insurance Claims Submitted for North Dakota Wheat Crop

Crop insurance agents 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 …

Freezing Weather Threatens U.S. Crops

Freezing weather across the U.S. will damage crops from winter wheat to oranges and is threatening livestock, sending cattle futures to an all-time high. As much as 15 percent of winter-wheat plants in the Great Plains face damage, Kyle Tapley, …

Record Crop Insurance Payout Stirs Subsidy Debate

Farmers will be paid a record $16 billion in crop insurance claims for 2012 because of the widespread drought, a staggering amount that has critics calling for changes to what they say is an inefficient taxpayer subsidy the government cannot …

AIR: Crop Insurance Claims Expected to Exceed $13 Billion

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 …

Little Relief Forecast for Drought-Damaged U.S. Crops

Midday weather updates on Wednesday indicate more hot, dry weather for the U.S. Midwest, where corn and soybean crops are rapidly deteriorating amid the harshest drought in more than half a century. “It’s a little wetter for next week in …

Iowa Agent Pays $835K for False Crop Insurance Claims

After five years of litigation, an Iowa insurance agent will pay $835,000 to settle allegations that he filed false federal crop insurance claims. The Justice Department announced Friday the settlement with Russell Hawley of Vail, Iowa, which avoids trial on …