For the first time in history, crop insurance indemnities to farmers and ranchers has exceeded $10.08 billion to cover agricultural losses, reports ProgramBusiness.com. This underscores last year’s high crop values and volatile weather. This figure will likely climb as more than an estimated five percent of the claims remain outstanding. This surpasses the old 2008 record of $8.67 billion by more than 16 percent.  Read more...

Source: Penton Media