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
Related News Stories
Plugging Leaks in Prevented Planting
UAVs Taking Flight in Ag
$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