FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Wed Dec 26, 2012 02:43 PM CST

Not since the 1950s has the U.S. experienced severe drought on the scale of 2012. So even if soil moisture levels begin to recharge, it could take at least 18 months to return to normal in drought afflicted regions, DTN Ag Meteorologist Bryce Anderson told attendees at the DTN-Progressive Farmer Ag Summit earlier this month. No wonder growers in the parched Corn Belt already are keeping a close eye on whether 2013 crop insurance will cover their production costs should severe or extreme drought linger through another growing season.

In early December, it looked like corn's 2013 crop insurance guarantee ...

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