Friday, September 14, 2012
U.S. Farmers Working Hard After Drought and Hot Weather Hurts Crops
Thousands of U.S. farmers are filing crop insurance claims this year as drought and triple-digit temperatures burn up crops in the Corn Belt. The final cost to the taxpayer-subsidized program has yet to be determined, but Kansas State University is forecasting underwriting losses at nearly $15 billion. That figure is based on anticipated claims totaling $25 billion.