WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Corn Crop Insurance Payout Up To $7.50 Per Bushel

Corn Crop Insurance Payout Up To $7.50 Per Bushel

DES MOINES, Iowa (AP) - The U.S. Department of Agriculture says farmers who chose to pay more to insure their crops at harvest prices will receive $7.50 per bushel for corn. That should be welcome news for corn farmers in Iowa, Illinois and Nebraska, the nation's three largest corn producers, respectively.

The Des Moines Register also reports that the harvest price payout for soybeans will be $15.39 per bushel. Farmers who elected to be covered by the less expensive non-harvest price coverage will receive the $5.68 per bushel for corn and $12.55 per bushel for soybeans. Those prices were set in March at the time of insurance sign-up.

USDA figures show crop-loss insurance payments through Oct. 29 totaled $3.5 billion nationally, including $1.63 billion for corn and $247.6 million for soybeans.

See other LocalNews news:

Ex-Prison Guard Admits to having Sex with Inmate
UI Frat to Meet with School Officials about Sign
Man Charged in Southwestern Illinois Death
Carp-Processing Plant Wrestling with Ultimatum
New Plant Comes to Tuscola




This Site logo