Record Drought Won't Hurt Farm Profits

Record drought won't hurt farm profits

Record Drought Won't Hurt Farm Profits
A tractor cuts down corn in a field designated as zero yield on a farm in Vigo County near Terre Haute, Ind.
Photograph by Victor J. Blue/Bloomberg

Despite this year’s ruinous drought, many farmers will come out fine thanks to high prices and taxpayer-subsidized crop insurance. Record profits in 2011, another bad weather year, show how it works.

Photograph by Sekhar Venkatapur/Getty Images

Before it's here, it's on the Bloomberg Terminal. LEARN MORE