FARM LIFE NEWS
Insurance Watch - 2
Marcia Zarley Taylor DTN Executive Editor
Tue Nov 6, 2012 01:22 PM 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
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
Sales Tax Relief for Nebraska Farmers
Woodbury: Farm Family Business
Ranch Hands
Ask the Taxman by Andy Biebl
Ebola Hits West Africa Hard
Russ' Vintage Iron
View From the Cab
Technology of a Winning Game Plan
Low-Cost, Low-Debt Farming
Low Prices Will Hit Charities