The increasing frequency and severity of extreme weather events like droughts and floods have taken a toll on the midwestern U.S. in recent years, putting a major strain on the region’s farmers. From 2001 to 2010, the Federal Crop Insurance Program, a government program created to protect farmers from crop loss, covered $4.1 billion in damages; in 2011 alone, the program paid out $10.8 billion.
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Source: Phys.org