Tag: crop insurance claims

Is crop insurance worsening the United States food crisis?

Nordstrom
Crop Insurance - Food Cost

The price of nearly everything at the grocery store is on the rise and coverage might be exacerbating it. Federally subsidized crop insurance programs have incentives built in that can, in certain circumstances, make it more profitable for farmers to abandon their attempts to grow than it is to plant a field of food. The weather conditions this year are playing into those circumstances, further risking the US food supply. Unusually cold and wet weather in many Midwestern states, such as Minnesota, have meant that only a small percentage of…

Read More

Payments from crop insurance predicted to be lower this year

Julie Campbell
Crop Insurance

As the soybean and corn seasons are coming to a close, producers are wondering about payouts due to price drops. The harvest season for soybeans and corn is now on its way to closing, and as 2015 wraps up, many farmers are starting to wonder if they will be receiving any payments from their crop insurance coverage, since the prices have been declining this year. Last year, many growers in northern Iowa and Minnesota saw yields considerably lower than typical. The lower than average yields, in combination with the reduced…

Read More

Crop insurance claims are starting to be submitted for damaged wheat

H. Cutner
us crop insurance program

Farmers in many areas have found their fields struck by frost, causing considerable issues for harvest. The crop insurance claims have now started to be filed in higher numbers as a result of the wheat that has been damaged by the frosts that have struck several parts of the country, and many agents feel that the numbers will continue to climb. Some agents think that this year will see a higher number of claims of this nature than other years. North Dakota was especially affected by the recent frosts. While…

Read More

Crop insurance claims already increasing in Canada

H. Cutner
Crop Insurance

As another summer comes with devastating flooding, farmers are already contacting their insurers. As farmers begin to have the opportunity to see how much of their land has been affected by flooding in Saskatchewan, Canada, they are submitting their crop insurance claims on an increasing basis. It is believed that the full impact of the flooding throughout Saskatchewan will not be known until the fall. According to Rae Groeneveld, from the Saskatchewan Crop Insurance Corporation, by July 29, there had already been 792 claims submitted, pre-harvest. He explained that “A…

Read More

Crop insurance claims rapidly rise in Canada

G. Turner
home flood insurance coverage

The flooding of farms in Saskatchewan and Manitoba is leading to massive losses of wheat and canola. The Canadian province of Saskatchewan is the largest producer of canola and wheat in the world, but it is currently seeing a massive number of crop insurance claims after its farms have experienced widespread flooding. The province is expecting that the claims will continue as many crops have already been seeded and flooded. According to the Saskatchewan Crop Insurance Corp chief executive officer, Shawn Jaques, “It’s a very large area that’s impacted, so…

Read More