Say the words "crop insurance" and most people start to yawn. For years, few nonfarmers knew much about these government-subsidized insurance policies, and even fewer found any fault with them. After all, who could criticize a safety net for farmers that saves them from getting wiped out by floods or drought?
Originally published on Fri February 22, 2013 4:57 pm
The winter storm that dumped several inches of snow and ice across much of Missouri may bring some short-term relief to the state’s drought conditions.
Kelly Smith is Director of Marketing and Commodities for the Missouri Farm Bureau. He says the winter storm arrived on the heels of recent rain events, helping saturate the soil.
“This snow is gonna slowly melt into the ground," Smith said. "We will get some runoff from it in some areas because they got a 10 to 13-inch snow…we had areas in our state as high as 13, maybe even 15, inches up in north of (the) Kansas City area.”
This year's drought delivered a pricey punch to US aquaculture, the business of raising fish like bass and catfish for food. Worldwide, aquaculture has grown into a $119 billion industry, but the lack of water and high temperatures in 2012 hurt many U.S. fish farmers who were already struggling to compete on a global scale.