USA - Farmers received record $19.13B in crop insurance indemnities in 2022
As the climate crisis accelerates, wreaking havoc on weather patterns across the U.S., crop insurance costs are shooting up, a new Environmental Working Groupanalysisfinds.Indemnities, paid to farmers for reductions in crop yield or revenue, reached a record $19.13 billion in 2022 – a massive increase from the $2.96 billion doled out in 2001.