Published:
Views: 1358

At $15 Billion, 2012 Costliest Year Ever for Crop Insurance

U.S. farmers and ranchers spent more than $4 billion last year to purchase 1.2 million crop insurance policies. Judging from their payout, it was money well spent. As of March 4, indemnity payouts to farmers and ranchers have totaled more

At $15 Billion, 2012 Costliest Year Ever for Crop Insurance

U.S. farmers and ranchers spent more than $4 billion last year to purchase 1.2 million crop insurance policies. Judging from their payout, it was money well spent. As of March 4, indemnity payouts to farmers and ranchers have totaled more than $15 billion. According to Farm Futures, producers in Illinois had the highest loss ratio: $3.55 for every $1.00 in premiums. (The typical loss ratio is 1.39.)

Read more here.

Click here to download a copy of the March 2013 newsletter.

Posted in Feature, News Desk

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

News By Region

The Land Report is proudly partnered with: Hall and Hall Bates Land Consortium Mossy Oak Properties United Country Real Estate Live Water Properties Fay Ranches Inc. Mirr Ranch Group californiaoutdoorproperties.com Whitetail Properties Hayden Outdoors Real Estate Western Ranches

Contact to Listing Owner

Captcha Code
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast