FARM BUSINESS NEWS
DTN Ag Business Benchmark
Marcia Zarley Taylor DTN Executive Editor
Wed May 22, 2013 08:43 PM CDT

HADDONFIELD, N.J. (DTN) -- The tally is in for Midwest corn farmers in 2012. Without crop insurance indemnities, their average revenues would have shrunk about $250/acre and likely generated sizable losses on their drought-ridden crop, a study by the Brighton, Ill., financial consulting firm AgriSolutions found.

Given the magnitude of the 2012 drought, "It is no surprise that crop insurance claim payouts per acre of corn were up last year," said AgriSolutions analyst Sam Bachman. "But it does look like farming is not nearly as risky as it used to be. At least there is a way to manage it."

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