Iowa Crop Losses Exceed $1 Billion in 2012


Photo by Billy Hathorn, Wikimedia.
Photo by Billy Hathorn, Wikimedia.

The drought and heat wave this year inflicted more than $1 billion worth of damage to Iowa corn and soybean crops, according to estimates from the U.S. Department of Agriculture (USDA).

The USDA administers the federal crop insurance program which paid $933.6 million to Iowa farmers for loss claims on corn and $158.9 million for loss claims on soybeans in 2012.

The crop insurance program has been continued into 2013 as part of the Farm Bill Extension passed by Congress on Tuesday.

For more information, read the full article at the Des Moines Register.

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