SAO PAULO, Brazil (DTN) -- Surveying his fields back in January 2012, all Humberto Vonwonski saw was parched soybean plants.
A localized drought in his fertile corner of Brazil had caused fields that regularly yield 42 bushels per acre to produce just 15 bpa.
Luckily, Vonwonski had chosen to take out insurance covering 70% of his projected revenues on his 2,200 acres in Campo Mourao, in northern Parana state.
"Without the insurance, I would have lost a lot of money on that crop. It would have set me back a couple of years," he told DTN.
Vonwonski's story is rare ...