crop insurance claims News

Farmers will be paid a record $16 billion in crop insurance claims for 2012 because of the widespread drought, a staggering amount that has critics calling for changes to what they say is an inefficient taxpayer subsidy the government cannot …

U.S. crop insurers have already paid out $822 million in indemnities this season, but it is still far too early to tell how large the industry’s losses will ultimately be, National Crop Insurance Services said on Friday. The trade group …