FARM BUSINESS NEWS
Insurance Watch - 1
Fri Nov 2, 2012 08:24 AM CDT

INDIANOLA, Iowa (DTN) -- The nation's corn yields nosedived more than 25% below trend this year, with lesser damage to soybeans and other crops. That means there's just one little detail standing between many of the hardest hit 2012 crop disaster victims and a record $23 billion to $24 billion in crop insurance claims this year: Audits.

When the Risk Management Agency (RMA) finalized Revenue Protection's harvest price guarantees for corn at $7.50/bu. and soybeans at $15.39/bu. on Nov. 1, it guaranteed what some expect will be claims nearly 2.5 times the all-time record in 2011.

At those prices, it ...

Quick View
  • Dr. Dan Talks Agronomy Can you trim inputs while growing soybeans in 2015? Here's a look at what you can and can't cut.
  • Fescue Workaround Fescue can be a challenge, but Butch Foster said he and his dad, Bob, put 200 to 250 pounds on ca...
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • Sample With Precision Dan Davidson looks at how to measure the horsepower of your soil with the Solvita soil respiratio...
  • USDA Defines Actively Engaged Under the 2014 farm bill, family operations are exempted from proposed changes in actively engage...
  • New Paths Max payments forecast in areas of hardest-hit 2014 corn yields.
  • She's Got It All Alicia Mielke is a farm girl originally from Harrington, Wash., who continues to lend a hand to h...
  • Ask the Vet Would a bull with an undescended testicle or one that was a hard pull at birth be worthy of breed...
Related News Stories
$3 Corn Subdues Bids
GAO Seeks Insurance Cuts
Defense of Crop Insurance
SCO Sticker Shock
2014 Crop Insurance Guarantees
Farm Program Countdown - 2
Fraud Hurts Farm Programs
Grain Export Sales Mixed
Projected Revenue Insurance Prices
USDA, Insurers Debate Profits