Crop insurance companies have paid out more than $ 7.1 billion so far in 2011. According to a release from National Crop Insurance Services (NCIS) that is second only to 2008 when the total value of indemnities paid to farmers totaled $ 8.6 billion. Widespread agricultural losses in 2011 came from a combination of flooding in the Central US, droughts in the southern plains, a tropical storm in the Northeast and a freeze in Florida.
As of 2010, approximately 80 percent of eligible
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