NEWS
Rural America's Safety Net
Marcia Zarley Taylor DTN Executive Editor
Mon Mar 11, 2013 01:30 PM CDT

HADDONFIELD, N.J. (DTN) -- Crop insurance not only deflected a financial disaster on grain farms after last summer's epic drought, it warded off a meltdown for Main Street businesses as well, a new study by University of Nebraska-Lincoln economists Eric Thompson and Brad Lubben found.

Farmers in the four states studied -- Iowa, Nebraska, South Dakota and Wyoming -- had collected a record $4.5 billion in 2012 insurance claims through March 4. Those payments not only helped growers cover losses and afford to plant another crop in 2013, but preserved more than 20,000 jobs in ag-related businesses, the economists concluded.

...

Quick View
  • Dr. Dan Talks Agronomy DTN Contributing Agronomist Dan Davidson gives his take on the Six Secrets of Soybean Success pro...
  • Mountain Top Prices North Carolina's mountain cattle producers have always been an independent bunch. But a new allia...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Saving Our Forgotten Harvest About 40% of America's food goes uneaten each year. This nonprofit is working to remedy that prob...
  • Look Beyond Yield Soybean industry increases efforts to promote the importance of oil and protein content to farmer...
  • Ask the Vet Is this fly-control mineral block safe for my whole herd?
Related News Stories
USDA Redefines "Wealthy" Farms
"Total Market Isn't Dead"
APH Yield Exclusion Expanded
Don't Blow Off Your AD-1026
Plugging Leaks in Prevented Planting