Mid-America Catastrophe Services

Crop insurance claims likely to hit $16 billion in wake of 2012 drought

 Thursday, January 17, 2013


The 2012 megadrought was the worst since the Dust Bowl. Initial measurements suggest that it was responsible for a significant drop in the country’s economic growth in the middle of the year as corn prices spiked and farmers struggled to make ends meet. Which will be easier to accomplish given the government’s likely $16 billion crop insurance payout. From The New York Times: The Agriculture Department, which runs the program, said that the total losses from crops harvested last year would not be known for weeks, but that costs from the program were estimated to be $15.8 billion, up from $9.4 billion in 2011.

U.S. Crop-Insurance Claims Jump Amid Planting Delays

 Wednesday, September 18, 2013


Taxpayers Turn U.S. Farmers Into Fat Cats With Subsidies

 Monday, September 9, 2013


Record-Breaking $17.3 Billion in Crop Losses Last Year; Significant Portion Potentially Avoidable

 Tuesday, September 3, 2013

 Natural Resources Defense Council

Crop Insurance Claims to Exceed $13 Billion: AIR

 Tuesday, August 28, 2012

 Insurance Journal

Drought may cost $20 billion in crop insurance

 Tuesday, August 7, 2012

 CNN Money

Drought forcing early crop insurance claims

 Wednesday, July 11, 2012


2011 crop insurance claims approach $11 billion

 Friday, May 18, 2012

 AG Professional

Crop Insurance Claims Break $10 Billion Barrier

 Tuesday, February 28, 2012

 Southwest Farm Press