Topic Page

crop losses

Hurricane Ian costs Florida agriculture up to $1.9 billion

Florida's signature crop, citrus, accounted for one-third of the losses suffered by the state's farming sector last month from Hurricane Ian, said a preliminary damage assessment by the state Department of Agriculture and Consumer Services. Estimates of total agricultural damages ranged from $1.2 billion to $1.9 billion.

Trump signs disaster bill with $3 billion for agriculture

Corn losses in rainy spring will be “similar to a severe drought” in scope

Crop insurance posts unusually low loss rate

Farmers have collected $3.65 billion in crop insurance indemnities on 2016 production, a much smaller amount than in preceding years. Economist Gary Schnitkey of the University of Illinois says the loss ratio — payments divided by premiums — of 0.41 was the lowest in 27 years of data available on the Risk Management Agency's web site.