NEWS
Farm Lenders Exhale
Marcia Zarley Taylor DTN Executive Editor
Wed Nov 7, 2012 01:48 PM CST

MILWAUKEE (DTN) -- In the 1980s, any drought that sent yields in significant parts of the central Corn Belt to 4 to 20 bushels per acre would have triggered another wave of credit delinquencies. But it isn't just crop farmers who averted what could have been financial cataclysm in 2012. Their creditors got a free pass from revenue-based crop insurance, too.

Farm lenders attending the National Agricultural Bankers conference this week in Milwaukee, Wis., said they can exhale now that an estimated $24 billion in crop insurance claims are in the mail or awaiting audit reviews. Farmers insured more than ...

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