NEWS
Brazil Crop Insurance - 1
Alastair Stewart South America Correspondent
Wed Dec 11, 2013 11:09 AM CST

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 ...

Quick View
Related News Stories
Crop Insurance Defense - 1
Farm Bill Forecasting
2014 Crop Insurance Guarantees
Crop Insurance Defense - 2
Program Choices Next Fall
Projected Revenue Insurance Prices
Picking PLC or ARC?
Explaining the Farm Bill
Health Care Fallout
DTN Ag Business Benchmark