Corn Crop Insurance Payout Up To $7.50 Per Bushel
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.
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