NEWS
Insurance in Shambles
Marcia Zarley Taylor DTN Executive Editor
Tue Oct 7, 2014 11:41 AM CDT

HADDONFIELD, N.J. (DTN) -- The ghost of the Southwest's mega-drought continues to haunt growers even after a few rain showers this last growing season. Producers there have been used to paying dearly for each dollar of crop insurance coverage, but the cost-benefit ratio could reach a breaking point in 2015.

"Under old farm policies, lenders would look at your portfolio and see how much crop insurance guaranteed in gross revenue, than add in direct payments and that was the basis for your crop loans," said Matt Huie, a 38-year-old crop producer from Beesville near the Gulf Coast rim of Texas. ...

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