date:May 17, 2012
nancial hits, in that order, in 2011. Indemnities paid in some major production areas have been higher, but the overall amount paid is still less than the price farmers paid for their coverage.
While the average loss ratio across the country is at .90 -- which means that for every dollar purchased in coverage, 90 cents was paid out in indemnities -- those numbers are much higher in some key states, according to NCIS.
The growing crop insurance bill has some industry leaders shows the need fo