USDA announces bonus payments for prevented planting

Farmers are in line for a “top-up” payment of up to 15 percent if they received a prevented-planting indemnity from crop insurers this year due to flooding or excessive rainfall, said the USDA on Thursday.

Indemnities could soar to $3.6 billion for prevented planting

The wettest spring in a quarter-century may lead to the largest crop insurance payout since 2000 to farmers unable to plant corn and soybeans, said a university economist. He spoke ahead of a USDA report today that will project the impact of a cold and rainy spring on this fall’s harvest.

USDA expects storm-related planting claims to top $1 billion

The USDA expects storm-ravaged farmers to file more than $1 billion in prevented-planting claims for fields they could not plant this year due to heavy rains and flooding, according to press reports.

Profits won’t sprout from shower of prevented-planting payments

Some growers may collect three or even four payments on land where they were unable to plant a crop this spring due to persistent rain and flooding, but no one is going to get rich off of it, said Agriculture Secretary Sonny Perdue on Wednesday.

House ag-funding leader opposes crop insurance cuts

The chairman of the House Appropriations subcommittee on agriculture said he opposes the administration proposal for a 17 percent cut in crop insurance funding.