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New U.S. Crop Insurance report to reveal key causes of record $17.3 billion in 2012 crop losses

Top 10 states with highest crop insurance losses caused by 2012 drought highlighted: Ks, Ky, Il, In,

How can farmers prepare for extreme weather ahead? Extreme weather forced the Federal Crop Insurance Program (FCIP) to pay out a record-breaking $17.3 billion in crop losses last year, as detailed in a new crop insurance report and crop loss mapping tool to be released at Noon EDT/11 a.m. CDT on Tuesday, August 27, by the Natural Resources Defense Council (NRDC). 2012’s record-breaking crop insurance payouts smashed the trend of annual Federal Crop Insurance payouts from 2001-2010, when crop losses averaged just $4.1 billion a year.
The online map at ...

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