Midwest farmers have lost grain in bins due to extreme flooding this spring. Insurance typically covers grain bins and equipment to move the grain, however that doesn’t apply to the contents of the bins. Also, USDA disaster programs do not cover stored grain impacted by flood waters. In response, House Agriculture Committee Chair Collin Peterson is calling for a one-time payment for the damages. Agriculture Secretary Sonny Perdue has backed Peterson, saying a one-time payment is something that should be considered.
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