FARM BUSINESS NEWS
Insurance Watch - 2
Marcia Zarley Taylor DTN Executive Editor
Mon Nov 5, 2012 06:38 AM CST

HADDONFIELD, N.J. (DTN) -- America's grain farms averted death by drought in 2012, and they have crop insurance to thank.

"Nine out of 10 of the eligible acres in Nebraska, Iowa and South Dakota are insured at 70% yield levels or above," said Rhonda Smith, vice president of insurance for Farm Credit Services of America, Sioux Falls, S.D. "We're in a much better place than in the 1980s."

When the last debilitating drought struck the Corn Belt in 1988, a paltry 60% yield coverage was the best you could buy and revenue policies with harvest prices didn't exist. No wonder ...

Quick View
  • Dodge Down Corn Conditions have been right for stalk rot and ear molds in corn in many parts of the Midwest this ...
  • Cows That Last If you've priced replacement heifers lately, or even just added up all the costs of raising your ...
  • Chrysler: What's New for 2015 Here's something you don't want to do at a media event for seasoned automotive journalists from a...
  • Farm Investors Welcome Why own farms when you can own shares in a farmland pool? The advent of agriculture's first real ...
  • Rents Resist Price Relief Growers in bellwether corn states expect to make money on bushels -- not price -- in 2014, farm m...
  • GE Critics Range as Skeptics An ad-hoc committee of 18 scientists is tasked by the National Research Council with examining th...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl helps readers wrestle with reality of health insurance costs, congressional inacti...
  • Ag Innovation Showcase At the sixth annual Ag Innovation Showcase in St. Louis this week, start-ups in search of investo...
  • Ask the Vet At what age should a cow be culled?
Related News Stories
Insure Your Revenue Guarantee
Grasping Farm Program Changes
Rents Resist Price Relief
Pick Contingency Plans - 1
Pick Contingency Plans - 3
Pick Contingency Plans - 2
Vilsack Resists APH Update