Anne Schechinger is Senior Analyst of Economics for the Environmental Working Group. This report first appeared on the EWG’s website.
A new EWG analysis has found that the overwhelming majority of Midwestern counties with increased precipitation between 2001 and 2020 also had growing crop insurance costs during that period due to wetter weather linked to the climate crisis.
In all, 661 counties got a crop insurance indemnity payment for excess moisture at some point during that period, adding up to $12.9 billion – one-third of the $38.9 billion in total crop insurance payments for all causes of loss in these counties.
This is the first analysis of the link between recent wetter Midwestern weather caused by climate change and rapidly ballooning crop insurance payments in the region for crops that have failed or been harmed by rain, snow, sleet and other wet weather – issues lumped together by the federal Crop Insurance Program under the term “excess moisture.”
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