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Corn+Soybean Digest

2012 Drought: Financial Impact on Farmers

While you can see the effects of the drought on the crops as you drive down the road, what you don't see is the financial impact it has on farmers. Kent Thiesse, vice president, MinnStar Bank, Lake Crystal, MN, and former Extension educator, talks about the impacts on crop farmers and their crop insurance coverage, as well as the financial impact of the drought on livestock producers. Thiesse reminds farmers to be sure to talk to your crop insurance agent during this time, as well as your lenders.

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