Insurance

Record Drought Won't Hurt Farm Profits


A tractor cuts down corn in a field designated as zero yield on a farm in Vigo County near Terre Haute, Ind.

Photograph by Victor J. Blue/Bloomberg

A tractor cuts down corn in a field designated as zero yield on a farm in Vigo County near Terre Haute, Ind.

Despite this year’s ruinous drought, many farmers will come out fine thanks to high prices and taxpayer-subsidized crop insurance. Record profits in 2011, another bad weather year, show how it works.

Photograph by Sekhar Venkatapur/Getty Images

Drajem is a reporter for Bloomberg News in Washington.
Bjerga is a reporter for Bloomberg News in Washington.

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