$5 Billion in Indemnity Checks Flow to FarmersTue, 20 Nov 2012 11:09:51 CST
As the claims come in from one of the worst droughts in decades, farmers and ranchers across the country are receiving indemnity payments for the losses they have incurred. To date, more than $5 billion has been sent to farmers. And while crop insurance can be purchased to protect 128 different crops, the top five crops that suffered the most damage from the 2012 drought are corn, wheat, cotton, soybeans and grain sorghum.
--Farmers will invest more than $4.1 billion to purchase more than 1.2 million crop insurance policies.
--Those policies protect more than 282 million acres of eligible crops.
--15,000 crop insurance agents and 5,000 loss adjusters are working around the clock to help farmers get their claims processed.
To learn more about crop insurance in America, click here.
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