Crop insurance payouts in Indiana reach new high

private Crop Insurance

The current estimate is that there have already been $1.04 billion paid out following the 2012 drought. The drought of 2012 left massive damage behind for farms throughout Indiana, and it is now estimated that the result of that devastation is over $1.04 billion in crop insurance payouts; a level that surpasses the payments from all previous years. This represents a massive loss in the state, particularly because one quarter of Indiana crops are uninsured. The U.S. Department of Agriculture (USDA) released these statistics this week, highlighting the damage that…

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