Economics
Incessant Rain Puts U.S. Farmers on Insurance-Deadline Watch
- Some unplanted corn crops already losing insurance coverage
- A few growers are considering making prevented-plant claims
Photographer: Daniel Acker/Bloomberg
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Kansas farmer Mark Nelson had until Saturday to plant his corn or lose the insurance that protects him from a drop in prices or yield. Instead, he’s hopping on a plane to visit his father in Chicago as he considers a different type of coverage.
Claims known as prevented plant pay out when farmers are unable to sow crops at all. With unceasing rain keeping farmers out of fields, growers are increasingly weighing how best to get paid and ease the impact from the bad weather and an escalating U.S.-China trade war.