Indiana Farmers “Make It Rain” on Crop Losses 2012

Indiana went through a major drought last year.  While many suffered through the horrendous heat, none got hit harder than Indiana farmers. In the past few months making my economic rounds, I went and talked with a few farmers about crop insurance payments and many said they faced no income level drops compared to a regular crop season. This has been backed up by Gary Truitt of Hoosier Ag Today:  

Indiana farmers so far have received more than $1 billion in crop insurance payments from losses last year when drought ravaged crops throughout the state. The payouts are double the previous record. The previous record amount of insurance indemnity payments to Indiana farmers for the three crops was $522 million in 2008.

You can read the rest here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.