EFI Global

Kansas Farmers Rack Up $1B in Insurance Claims After Drought

 Monday, January 30, 2012

 Insurance Journal

Kansas farmers have claimed nearly $1 billion in insurance to offset crop losses caused by the lingering drought. The federal government says that breaks a Kansas record of $446.8 million for drought claims set in 2002, and more claims are expected. The U.S. Department of Agriculture said in its weekly update that it had paid $987.3 million to Kansas farmers so far for withered wheat and fall crops. Rebecca Davis, director of the USDA’s Topeka office, says she expects the payout amount to reach $1 billion.