Insurance Payouts for 2011 Crops Pass $10.5 Billion

April 11, 2012 03:36 AM

Indemnities under the federal crop insurance program have hit $10.547 billion for 2011 crops, according to Risk Management Agency (RMA) data, closing in on what some expect to be an eventual $11 billion mark for indemnities.

No single commodity has registered a major jump but as the following data shows, but advances for corn totaled around $17 million for the most recent week.

Here's a look at payouts for key commodities:

04 11 12 Img1

The level of net insured acres continues to climb for 2012 crops, with RMA data indicating 83.917 million acres for the week ended April 9. For 2011, a net 265.248 million acres were insured.

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