Drought triggers crop insurance payouts
FRESNO, Calif. (KFSN) -- The worst U.S. drought in half a century may trigger record crop insurance payouts.
A new report from Kansas State University is predicting several states will pick up large checks from banks this year. The report shows the buyouts may reach a record $25-billion dollars.
Ag officials say top corn-producing states like Illinois and Indiana experienced the biggest decline in production this year since the 1950's.
ag report, corn, illinois, indiana, ag watch
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