Over 1-Million crop policies processed

Published online: Aug 26, 2013
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National Crop Insurance Services says more than 1.1 million crop insurance policies have been processed as of Aug. 19.

Through participating companies and the USDA's Risk Management Agency, those policies protect more than 278 million acres with more than $114 billion in liabilities. Farmers have paid $4.2 billion in premiums for that coverage. A total of 128 different crops are covered.

Last year, more than $4.1 billion was invested by farmers to purchase more than 1.2 million crop insurance policies.

States with the highest numbers of crop insurance policies purchased are: Iowa, Illinois, Nebraska, Kansas and Minnesota.

Source: www.brownfieldagnews.com