Crop insurance program is under the microscope due to droughts

crop insurance claims

This year, America’s farmers are relying on their coverage, possibly more than ever before. The historic drought of 2012 is drawing significant attention to the federal crop insurance program that is designed to assist American farmers throughout times such as this, when natural events cause significant damage to the ability of growers to produce. As the losses on farms continue to rise, it is expected that the program will fork over $18 billion in assistance. Of that money, up to $10 billion of it will have come from taxpayers. This…

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