Farmers confront flood damage and insurance
Indiana farmers who insured their 2008 crops have decisions to make if recent floods damaged their fields.
“Farmers may not be able to plant their original crop in a timely manner and in other instances farmers have lost crops due to flooding,” said George Patrick, Purdue extension agricultural economist. “These producers may be eligible for different crop insurance benefits, depending on the type of insurance they have and individual circumstances.”
Producers who were prevented from planting intended crops have three options: Plant the original crop, even though the yield may be reduced; plant an alternative crop; or abandon the acreage and take a prevented planting payment.