Corn farmers get most of record $12 billion crop insurance payout
In its version of the farm bill last year, the House Agriculture Committee refused to make either of the reforms proposed by the Senate. Chairman Frank Lucas said there was no support for the ideas.
Crop insurers range from privately held companies to subsidiaries of large corporations, such as Wells Fargo, Ace Limited, Deere and QBE Insurance Group .
TOP STATES, CROPS FOR INDEMNITIES
Leading states for payments to date:
--Illinois, $1.813 billion.
--Iowa, $1.493 billion.
--Kansas, $1.245 billion.
--Nebraska, $1.222 billion.
--Texas, $1.213 billion.
--South Dakota, $1.014 billion.
Leading crops for payments:
--Corn, $7.848 billion.
--Soybeans, $1.616 billion.
--Cotton, $917 million.
--Wheat, $722 million.
--Sorghum, $370 million.