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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,
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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 www.nrdc.org/water/your-soil-matters will include searchable county-by-county crop loss snapshots revealing the magnitude of crop loss in 2012, top extreme weather-related causes, and top 10 rankings of the states with the largest overall crop insurance payouts due to drought.