Kansas farmers have claimed nearly $1 billion in insurance to offset crop losses caused by the lingering drought.
The federal government says that breaks a Kansas record of $446.8 million for drought claims set in 2002, and more claims are expected.
The U.S. Department of Agriculture said in its weekly update that it had paid $987.3 million to Kansas farmers so far for withered wheat and fall crops.
Rebecca Davis, director of the USDA’s Topeka office, says she expects the payout amount to reach $1 billion.
The Hutchinson News reports the drought is going into its second year in Kansas. Besides the lack of rainfall, there were nearly 50 days of triple-digit temperatures this summer.
Topics Trends Claims Agribusiness Kansas
Was this article valuable?
Here are more articles you may enjoy.
Wall Street Is Gaining Access to New Catastrophe Models to Help Predict Wars 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups 
