date:May 17, 2012
eport shows. Even though it's still climbing, that number's already 25% higher than the previous record of $8.76 billion set in the flood year of 2008.
Spurred on by one of the worst weather years in history, farmers and ranchers faced unparalleled challenges in 2011 and crop insurance reached record amounts. The numbers paint a picture of Mother Natures devastation that befell farmers from coast to coast, according to NCIS.
Corn, cotton, wheat, soybeans and grain sorghum took the biggest fi