Crop insurance payout nears $11 billion
date:May 17, 2012
A few months ago, questions circled closer to the $9 billion mark.


But now, some are speculating the crop indemnity payments for the last crop year could soar beyond the $11 billion mark, according to a crop insurance industry group.


A report released Wednesday by National Crop Insurance Services (NCIS) shows the number of payments going out to insurance-covered farmers from weather-related crop losses is sitting around $10.7 billion right now, and that number's not topped out yet, an NCIS r
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